Stock Analysis

Ercros Full Year 2023 Earnings: Revenues Miss Expectations

BME:ECR
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Ercros (BME:ECR) Full Year 2023 Results

Key Financial Results

  • Revenue: €757.6m (down 26% from FY 2022).
  • Net income: €28.8m (down 59% from FY 2022).
  • Profit margin: 3.8% (down from 6.9% in FY 2022). The decrease in margin was driven by lower revenue.
earnings-and-revenue-growth
BME:ECR Earnings and Revenue Growth March 3rd 2024

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

Ercros Revenues Disappoint

Revenue missed analyst estimates by 2.2%.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Europe.

Performance of the market in Spain.

The company's shares are up 11% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Ercros you should know about.

Valuation is complex, but we're here to simplify it.

Discover if Ercros might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.