Soltec Power Holdings (BME:SOL) Full Year 2023 Results
Key Financial Results
- Revenue: €600.5m (down 3.4% from FY 2022).
- Net income: €11.7m (down 10% from FY 2022).
- Profit margin: 2.0% (down from 2.1% in FY 2022). The decrease in margin was driven by lower revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Soltec Power Holdings Earnings Insights
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Electrical industry in Europe.
Performance of the market in Spain.
The company's shares are down 10% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Soltec Power Holdings (1 is concerning!) that you should be aware of before investing here.
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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 BME:SOL
Soltec Power Holdings
Engages in the development of solutions for photovoltaic energy projects in Spain, Italy, Brazil, the United States, Mexico, Argentina, Chile, Colombia, Peru, Panama, Australia, China, India, Thailand, France, Denmark, Egypt, Israel, Portugal, the United Arab Emirates, Romania, and Kenya.
High growth potential and good value.
