Formula Systems (1985) Full Year 2023 Earnings: EPS: US$4.18 (vs US$5.32 in FY 2022)

Formula Systems (1985) (TLV:FORTY) Full Year 2023 Results

Key Financial Results

• Revenue: US$2.62b (up 1.9% from FY 2022).
• Net income: US$64.0m (down 21% from FY 2022).
• Profit margin: 2.4% (down from 3.2% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: US$4.18 (down from US$5.32 in FY 2022).

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

Formula Systems (1985) shares are up 8.2% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Formula Systems (1985)'s balance sheet.

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