Planetel (BIT:PLN) Full Year 2023 Results
Key Financial Results
- Revenue: €35.1m (up 8.9% from FY 2022).
- Net income: €1.41m (up 17% from FY 2022).
- Profit margin: 4.0% (up from 3.7% in FY 2022). The increase in margin was driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Planetel Earnings Insights
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Telecom industry in Italy.
Performance of the Italian Telecom industry.
The company's shares are up 1.9% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Planetel, and understanding them should be part of your investment process.
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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:PLN
Planetel
Offers IP communication and broadband Internet solutions in Italy.
Reasonable growth potential and fair value.
