Stock Analysis
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- BIT:MOL
Gruppo MutuiOnline Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Gruppo MutuiOnline (BIT:MOL) Full Year 2023 Results
Key Financial Results
- Revenue: €426.6m (up 34% from FY 2022).
- Net income: €34.7m (down 26% from FY 2022).
- Profit margin: 8.1% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses.
- EPS: €0.93 (down from €1.24 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Gruppo MutuiOnline Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 8.8%.
Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Consumer Finance industry in Europe.
Performance of the market in Italy.
The company's shares are up 1.5% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Gruppo MutuiOnline has 2 warning signs we think you should be aware of.
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About BIT:MOL
Moltiply Group
Through its subsidiaries, operates comparison platforms, and provides outsourcing services for credit processes, and asset and insurance claims management in Italy.
Reasonable growth potential with adequate balance sheet.