- United Kingdom
- Real Estate
Harworth Group Full Year 2022 Earnings: Beats Expectations
Harworth Group (LON:HWG) Full Year 2022 Results
Key Financial Results
- Revenue: UK£166.7m (up 52% from FY 2021).
- Net income: UK£27.8m (down 70% from FY 2021).
- Profit margin: 17% (down from 86% in FY 2021).
- EPS: UK£0.086 (down from UK£0.29 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Harworth Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 37%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is expected to fall by 16% p.a. on average during the next 3 years compared to a 7.5% decline forecast for the Real Estate industry in the United Kingdom.
Performance of the British Real Estate industry.
The company's shares are down 5.7% from a week ago.
You should always think about risks. Case in point, we've spotted 2 warning signs for Harworth Group you should be aware of.
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Harworth Group plc operates as a land and property regeneration company in the North of England and the Midlands.
Flawless balance sheet with moderate growth potential.