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.

Risk Analysis

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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