Wynnstay Group (LON:WYN) Full Year 2023 Results
Key Financial Results
- Revenue: UK£735.9m (up 3.2% from FY 2022).
- Net income: UK£6.93m (down 60% from FY 2022).
- Profit margin: 0.9% (down from 2.4% in FY 2022). The decrease in margin was driven by higher expenses.
- EPS: UK£0.31 (down from UK£0.83 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Wynnstay Group EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%.
The primary driver behind last 12 months revenue was the Agriculture segment contributing a total revenue of UK£584.3m (79% of total revenue). Notably, cost of sales worth UK£656.8m amounted to 89% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to UK£60.1m (83% of total expenses). Explore how WYN's revenue and expenses shape its earnings.
Looking ahead, revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Food industry in the United Kingdom are expected to grow by 4.1%.
Performance of the British Food industry.
The company's shares are up 3.3% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Wynnstay Group that you need to take into consideration.
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About AIM:WYN
Wynnstay Group
Manufactures and supplies agricultural products in the United Kingdom.
Flawless balance sheet 6 star dividend payer.
