Porto Aviation Group Reports Full Year 2023 Earnings

Porto Aviation Group (BIT:PAG) Full Year 2023 Results

Key Financial Results

• Revenue: €3.76m (up 46% from FY 2022).
• Net income: €198.4k (up from €446.1k loss in FY 2022).
• Profit margin: 5.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.

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

Porto Aviation Group Earnings Insights

Looking ahead, revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Aerospace & Defense industry in Italy.

Performance of the Italian Aerospace & Defense industry.

The company's shares are up 3.5% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Porto Aviation Group you should be aware of, and 1 of them shouldn't be ignored.

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