FORTEC Elektronik Full Year 2024 Earnings: EPS Misses Expectations
FORTEC Elektronik (ETR:FEV) Full Year 2024 Results
Key Financial Results
- Revenue: €95.7m (down 9.6% from FY 2023).
- Net income: €5.30m (down 30% from FY 2023).
- Profit margin: 5.5% (down from 7.1% in FY 2023). The decrease in margin was driven by lower revenue.
- EPS: €1.63 (down from €2.32 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
FORTEC Elektronik EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.0%.
Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany.
Performance of the German Electronic industry.
The company's shares are up 5.6% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for FORTEC Elektronik 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.
About XTRA:FEV
FORTEC Elektronik
Provides components and systems in the areas of display technology, embedded systems, and power supplies in Germany and internationally.
Flawless balance sheet established dividend payer.
