Nexans Full Year 2022 Earnings: EPS Misses Expectations

Nexans (EPA:NEX) Full Year 2022 Results

Key Financial Results

• Revenue: €8.37b (up 14% from FY 2021).
• Net income: €245.0m (up 49% from FY 2021).
• Profit margin: 2.9% (up from 2.2% in FY 2021). The increase in margin was driven by higher revenue.
• EPS: €5.63 (up from €3.75 in FY 2021).

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

Nexans EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.0%.

Looking ahead, revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Electrical industry in France are expected to grow by 4.3%.

Performance of the French Electrical industry.

The company's shares are up 7.6% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Nexans, and understanding it should be part of your investment process.

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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.