Renew Holdings Full Year 2023 Earnings: Beats Expectations

Renew Holdings (LON:RNWH) Full Year 2023 Results

Key Financial Results

• Revenue: UK£921.6m (up 13% from FY 2022).
• Net income: UK£47.1m (up 18% from FY 2022).
• Profit margin: 5.1% (up from 4.9% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: UK£0.60 (up from UK£0.51 in FY 2022).

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

Renew Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 3.7%.

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Construction industry in the United Kingdom.

Performance of the British Construction industry.

The company's shares are up 3.6% 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've done some analysis and you can see our take on Renew Holdings' balance sheet.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.