Musti Group Oyj Full Year 2023 Earnings: In Line With Expectations

Simply Wall St

November 14, 2023

Musti Group Oyj (HEL:MUSTI) Full Year 2023 Results

Key Financial Results

Revenue: €425.7m (up 8.9% from FY 2022).
Net income: €26.4m (up 19% from FY 2022).
Profit margin: 6.2% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue.
EPS: €0.79 (up from €0.67 in FY 2022).

revenue-and-expenses-breakdown — HLSE:MUSTI Revenue and Expenses Breakdown November 14th 2023

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

Musti Group Oyj Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Finland segment contributing a total revenue of €189.9m (45% of total revenue). Notably, cost of sales worth €231.3m amounted to 54% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €76.8m (46% of total expenses). Explore how MUSTI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Specialty Retail industry in Europe.

Performance of the market in Finland.

The company's shares are up 8.4% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Musti Group Oyj.

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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.