Vergnet Reports Full Year 2023 Earnings

Vergnet (EPA:ALVER) Full Year 2023 Results

Key Financial Results

• Revenue: €23.8m (up 23% from FY 2022).
• Net loss: €9.56m (loss narrowed by 53% from FY 2022).
• €46.96 loss per share.

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

The primary driver behind last 12 months revenue was the Export / Frech Overseas Territories segment contributing a total revenue of €23.0m (97% of total revenue). Notably, cost of sales worth €13.1m amounted to 55% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €9.14m (45% of total expenses). Explore how ALVER's revenue and expenses shape its earnings.

Vergnet's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - Vergnet has 6 warning signs we think you should be aware of.

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