KONCAR - Elektroindustrija d.d Full Year 2023 Earnings: Beats Expectations

KONCAR - Elektroindustrija d.d (ZGSE:KOEI) Full Year 2023 Results

Key Financial Results

• Revenue: €895.9m (up 27% from FY 2022).
• Net income: €46.3m (up 34% from FY 2022).
• Profit margin: 5.2% (up from 4.9% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: €18.20 (up from €13.57 in FY 2022).

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

KONCAR - Elektroindustrija d.d Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%.

The primary driver behind last 12 months revenue was the Other Countries in The European Union segment contributing a total revenue of €418.8m (47% of total revenue). Notably, cost of sales worth €593.5m amounted to 66% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €124.3m (49% of total expenses). Explore how KOEI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electrical industry in Europe.

Performance of the market in Croatia.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for KONCAR - Elektroindustrija d.d that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.