- Aerospace & Defense
Civitanavi Systems Full Year 2022 Earnings: Beats Expectations
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.
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.
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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Civitanavi Systems S.p.A. engages in the design, development, manufacture, and sale of inertial navigation, geo reference, and stabilization systems worldwide.
Solid track record with high growth potential.