Friedrich Vorwerk Group Full Year 2023 Earnings: Beats Expectations

Friedrich Vorwerk Group (ETR:VH2) Full Year 2023 Results

Key Financial Results

• Revenue: €395.4m (up 7.0% from FY 2022).
• Net income: €10.1m (down 41% from FY 2022).
• Profit margin: 2.6% (down from 4.6% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: €0.51 (down from €0.86 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Friedrich Vorwerk Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 8.7%. Earnings per share (EPS) also surpassed analyst estimates by 52%.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat.

Performance of the German Oil and Gas industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Friedrich Vorwerk Group.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.