Piovan Past Earnings Performance

Past criteria checks 4/6

Piovan has been growing earnings at an average annual rate of 11.4%, while the Machinery industry saw earnings growing at 7.1% annually. Revenues have been growing at an average rate of 17.4% per year. Piovan's return on equity is 26%, and it has net margins of 6.8%.

Key information

11.4%

Earnings growth rate

11.5%

EPS growth rate

Machinery Industry Growth	7.1%
Revenue growth rate	17.4%
Return on equity	26.0%
Net Margin	6.8%
Last Earnings Update	31 Mar 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Piovan makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BATS-CHIXE:PVNM Revenue, expenses and earnings (EUR Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 23	562	38	234
31 Dec 22	528	35	221
30 Sep 22	453	37	194
30 Jun 22	376	28	168
31 Mar 22	325	30	144
31 Dec 21	283	28	125
30 Sep 21	284	25	121
30 Jun 21	267	25	112
31 Mar 21	238	20	103
31 Dec 20	225	18	101
30 Sep 20	217	18	99
30 Jun 20	216	18	103
31 Mar 20	226	18	108
31 Dec 19	232	19	109
30 Sep 19	229	17	109
30 Jun 19	238	20	110
31 Mar 19	251	24	110
31 Dec 18	245	24	107
30 Sep 18	247	26	105
30 Jun 18	236	24	100
31 Mar 18	213	19	95
31 Dec 17	212	20	94
31 Dec 16	193	14	86
31 Dec 15	191	13	85

Quality Earnings: PVNM has high quality earnings.

Growing Profit Margin: PVNM's current net profit margins (6.8%) are lower than last year (9.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: PVNM's earnings have grown by 11.4% per year over the past 5 years.

Accelerating Growth: PVNM's earnings growth over the past year (28.8%) exceeds its 5-year average (11.4% per year).

Earnings vs Industry: PVNM earnings growth over the past year (28.8%) exceeded the Machinery industry 16.4%.

Return on Equity

High ROE: Whilst PVNM's Return on Equity (26%) is high, this metric is skewed due to their high level of debt.