GPI (BIT:GPI) Full Year 2023 Results
Key Financial Results
- Revenue: €433.4m (up 20% from FY 2022).
- Net income: €2.60m (down 74% from FY 2022).
- Profit margin: 0.6% (down from 2.8% in FY 2022). The decrease in margin was driven by higher expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
GPI Earnings Insights
The primary driver behind last 12 months revenue was the Software segment contributing a total revenue of €227.4m (52% of total revenue). Notably, cost of sales worth €346.1m amounted to 80% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to €41.9m (50% of total expenses). Explore how GPI's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Healthcare Services industry in Europe.
Performance of the market in Italy.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for GPI (2 don't sit too well with us) 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.
About BIT:GPI
GPI
Operates in the field of social-healthcare IT services and hi-tech services for healthcare markets in Italy and internationally.
Reasonable growth potential with proven track record.
