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DEFAMA Deutsche Fachmarkt Full Year 2023 Earnings: Revenues In Line With Expectations
DEFAMA Deutsche Fachmarkt (ETR:DEF) Full Year 2023 Results
Key Financial Results
- Revenue: €24.5m (up 21% from FY 2022).
- Net income: €4.15m (down 23% from FY 2022).
- Profit margin: 17% (down from 27% in FY 2022). The decrease in margin was driven by higher expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
DEFAMA Deutsche Fachmarkt Meets Expectations
Revenue was in line with analyst estimates.
Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 17% decline forecast for the Real Estate industry in Germany.
Performance of the German Real Estate industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for DEFAMA Deutsche Fachmarkt (1 can't be ignored!) that you should be aware of.
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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.
About XTRA:DEF
DEFAMA Deutsche Fachmarkt
A real estate company, engages in the purchase and rental of retail parks and shopping centers.
Second-rate dividend payer and slightly overvalued.