INNOX Advanced MaterialsLtd Full Year 2023 Earnings: EPS Misses Expectations

INNOX Advanced MaterialsLtd (KOSDAQ:272290) Full Year 2023 Results

Key Financial Results

• Revenue: ₩387.0b (down 21% from FY 2022).
• Net income: ₩32.8b (down 62% from FY 2022).
• Profit margin: 8.5% (down from 17% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: ₩1,673 (down from ₩4,316 in FY 2022).

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

INNOX Advanced MaterialsLtd EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in South Korea.

Performance of the South Korean Semiconductor industry.

The company's shares are down 3.1% from a week ago.

Risk Analysis

You still need to take note of risks, for example - INNOX Advanced MaterialsLtd has 2 warning signs (and 1 which is concerning) we think you should know about.

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