Ercros Full Year 2023 Earnings: Revenues Miss Expectations

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.

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.

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