Piovan Full Year 2023 Earnings: EPS: €0.97 (vs €0.68 in FY 2022)

Piovan (BIT:PVN) Full Year 2023 Results

Key Financial Results

• Revenue: €567.7m (up 7.2% from FY 2022).
• Net income: €49.4m (up 43% from FY 2022).
• Profit margin: 8.7% (up from 6.5% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: €0.97 (up from €0.68 in FY 2022).

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

Piovan Earnings Insights

In the last 12 months, the only revenue segment was Machinery & Industrial Equipment contributing €567.7m. The largest operating expense was General & Administrative costs, amounting to €229.5m (87% of total expenses). Explore how PVN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Machinery industry in Italy.

Performance of the Italian Machinery industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Piovan, and understanding these should be part of your investment process.

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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.