Saras Full Year 2023 Earnings: Beats Expectations

Saras (BIT:SRS) Full Year 2023 Results

Key Financial Results

• Revenue: €11.4b (down 28% from FY 2022).
• Net income: €313.9m (down 25% from FY 2022).
• Profit margin: 2.7% (up from 2.6% in FY 2022). The increase in margin was driven by lower expenses.
• EPS: €0.33 (down from €0.44 in FY 2022).

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

Saras Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 23%.

Looking ahead, revenue is expected to fall by 2.1% p.a. on average during the next 3 years compared to a 1.9% decline forecast for the Oil and Gas industry in Europe.

Performance of the market in Italy.

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

Risk Analysis

You should learn about the 3 warning signs we've spotted with Saras (including 2 which don't sit too well with us).

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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.