init innovation in traffic systems Full Year 2023 Earnings: Beats Expectations

init innovation in traffic systems (ETR:IXX) Full Year 2023 Results

Key Financial Results

• Revenue: €210.8m (up 10% from FY 2022).
• Net income: €15.2m (down 8.1% from FY 2022).
• Profit margin: 7.2% (down from 8.6% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: €1.54 (down from €1.67 in FY 2022).

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

init innovation in traffic systems Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 2.0%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Software industry in Germany.

Performance of the German Software industry.

The company's shares are up 12% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for init innovation in traffic systems that you should be aware of.

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