Global Fashion Group Full Year 2023 Earnings: Misses Expectations

Global Fashion Group (ETR:GFG) Full Year 2023 Results

Key Financial Results

• Revenue: €838.0m (down 24% from FY 2022).
• Net loss: €176.8m (flat on FY 2022).
• €0.79 loss per share (improved from €0.81 loss in FY 2022).

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

Global Fashion Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 8.1%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Germany.

Performance of the German Specialty Retail industry.

The company's shares are down 29% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Global Fashion Group has 3 warning signs (and 1 which is a bit concerning) we think you should know about.

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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.