Stock Analysis

Civitanavi Systems Full Year 2022 Earnings: Beats Expectations

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Civitanavi Systems (BIT:CNS) Full Year 2022 Results

Key Financial Results

  • Revenue: €34.4m (up 38% from FY 2021).
  • Net income: €6.97m (up 43% from FY 2021).
  • Profit margin: 20% (in line with FY 2021).
  • EPS: €0.23.
BIT:CNS Earnings and Revenue Growth March 19th 2023

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

Civitanavi Systems Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) also surpassed analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Aerospace & Defense industry in Europe.

Performance of the market in Italy.

The company's shares are up 2.0% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Civitanavi Systems that you need to be mindful of.

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