Industrie Chimiche Forestali Reports Full Year 2023 Earnings

Industrie Chimiche Forestali (BIT:ICF) Full Year 2023 Results

Key Financial Results

• Revenue: €80.5m (down 10% from FY 2022).
• Net income: €2.16m (down 33% from FY 2022).
• Profit margin: 2.7% (down from 3.6% in FY 2022). The decrease in margin was driven by lower revenue.

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

Industrie Chimiche Forestali Earnings Insights

Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Chemicals industry in Italy.

Performance of the Italian Chemicals industry.

The company's shares are up 5.8% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Industrie Chimiche Forestali that you should be aware of.

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