MGI Digital Technology Société Anonyme Full Year 2023 Earnings: EPS Beats Expectations

MGI Digital Technology Société Anonyme (EPA:ALMDG) Full Year 2023 Results

Key Financial Results

• Revenue: €56.1m (up 3.5% from FY 2022).
• Net income: €8.19m (up 12% from FY 2022).
• Profit margin: 15% (up from 13% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: €1.33 (up from €1.18 in FY 2022).

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

MGI Digital Technology Société Anonyme EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Tech industry in France.

Performance of the French Tech industry.

The company's shares are up 18% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on MGI Digital Technology Société Anonyme's balance sheet.

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