CT Automotive Group Full Year 2023 Earnings: EPS: US$0.10 (vs US$0.43 loss in FY 2022)

CT Automotive Group (LON:CTA) Full Year 2023 Results

Key Financial Results

• Revenue: US$143.0m (up 15% from FY 2022).
• Net income: US$6.55m (up from US$21.9m loss in FY 2022).
• Profit margin: 4.6% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue.
• EPS: US$0.10 (up from US$0.43 loss in FY 2022).

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

CT Automotive Group Earnings Insights

Looking ahead, revenue is expected to decline by 2.6% p.a. on average during the next 2 years, while revenues in the Auto Components industry in the United Kingdom are expected to grow by 4.8%.

Performance of the British Auto Components industry.

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

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for CT Automotive Group that you should be aware of.

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