Italmobiliare Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Italmobiliare (BIT:ITM) Full Year 2023 Results

Key Financial Results

• Revenue: €593.6m (up 21% from FY 2022).
• Net income: €66.6m (up 216% from FY 2022).
• Profit margin: 11% (up from 4.3% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: €1.58 (up from €0.50 in FY 2022).

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

Italmobiliare EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Industrials industry in Europe.

Performance of the market in Italy.

The company's shares are up 2.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Italmobiliare has 1 warning sign we think you should be aware of.

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