PLC (BIT:PLC) Full Year 2023 Results
Key Financial Results
- Revenue: €66.7m (up 41% from FY 2022).
- Net income: €2.84m (up from €12.1m loss in FY 2022).
- Profit margin: 4.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
- EPS: €0.11 (up from €0.47 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PLC Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates.
The primary driver behind last 12 months revenue was the Construction segment contributing a total revenue of €37.1m (56% of total revenue). Notably, cost of sales worth €47.2m amounted to 71% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €13.8m (79% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of €755.0k. Explore how PLC's revenue and expenses shape its earnings.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for PLC (of which 1 doesn't sit too well with us!) you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About BIT:PLC
PLC
Operates as a general contractor in the construction of renewable energy power plants and electrical infrastructures in Italy and internationally.
Excellent balance sheet with acceptable track record.
