Soltec Power Holdings Reports Full Year 2023 Earnings

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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