Sabaf Full Year 2023 Earnings: EPS: €0.25 (vs €1.36 in FY 2022)

Sabaf (BIT:SAB) Full Year 2023 Results

Key Financial Results

• Revenue: €237.9m (down 6.0% from FY 2022).
• Net income: €3.10m (down 80% from FY 2022).
• Profit margin: 1.3% (down from 6.0% in FY 2022).
• EPS: €0.25 (down from €1.36 in FY 2022).

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

Sabaf Earnings Insights

The primary driver behind last 12 months revenue was the Gas Parts segment contributing a total revenue of €143.2m (60% of total revenue). Notably, cost of sales worth €157.5m amounted to 66% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €58.2m (75% of total expenses). Explore how SAB's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Italy.

Performance of the Italian Consumer Durables industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 5 warning signs for Sabaf (1 is potentially serious!) that you should be aware of.

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