Chemring Group Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Chemring Group (LON:CHG) Full Year 2024 Results

Key Financial Results

• Revenue: UK£510.4m (up 8.0% from FY 2023).
• Net income: UK£42.7m (up 13% from FY 2023).
• Profit margin: 8.4% (up from 8.0% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: UK£0.16 (up from UK£0.13 in FY 2023).

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

Chemring Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Aerospace & Defense industry in the United Kingdom.

Performance of the British Aerospace & Defense industry.

The company's shares are down 11% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Chemring Group that you need to take into consideration.

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