Italian Design Brands Full Year 2023 Earnings: EPS: €1.05 (vs €0.29 loss in FY 2022)

Italian Design Brands (BIT:IDB) Full Year 2023 Results

Key Financial Results

• Revenue: €287.4m (up 44% from FY 2022).
• Net income: €28.1m (up from €5.93m loss in FY 2022).
• Profit margin: 9.8% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
• EPS: €1.05 (up from €0.29 loss in FY 2022).

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

Italian Design Brands Earnings Insights

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Italy.

Performance of the Italian Consumer Durables industry.

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

Risk Analysis

You still need to take note of risks, for example - Italian Design Brands has 2 warning signs we think you should be aware of.

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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.