ME Group International Full Year 2023 Earnings: EPS Beats Expectations

ME Group International (LON:MEGP) Full Year 2023 Results

Key Financial Results

• Revenue: UK£297.7m (up 15% from FY 2022).
• Net income: UK£50.7m (up 31% from FY 2022).
• Profit margin: 17% (up from 15% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: UK£0.13 (up from UK£0.10 in FY 2022).

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

ME Group International EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%.

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Consumer Services industry in the United Kingdom.

Performance of the British Consumer Services industry.

The company's shares are up 9.2% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with ME Group International.

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