bioMérieux Full Year 2023 Earnings: EPS Misses Expectations

bioMérieux (EPA:BIM) Full Year 2023 Results

Key Financial Results

• Revenue: €3.67b (up 2.4% from FY 2022).
• Net income: €357.6m (down 21% from FY 2022).
• Profit margin: 9.7% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: €3.03 (down from €3.84 in FY 2022).

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

bioMérieux EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Medical Equipment industry in France.

Performance of the French Medical Equipment industry.

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

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of bioMérieux's balance sheet and an in-depth analysis of the company's financial position.

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