Grieg Seafood Full Year 2023 Earnings: EPS Beats Expectations

Grieg Seafood (OB:GSF) Full Year 2023 Results

Key Financial Results

• Revenue: kr7.06b (down 2.0% from FY 2022).
• Net income: kr559.8m (down 52% from FY 2022).
• Profit margin: 7.9% (down from 16% in FY 2022). The decrease in margin was primarily driven by higher expenses.
• EPS: kr5.00 (down from kr10.27 in FY 2022).

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

Grieg Seafood EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.

The primary driver behind last 12 months revenue was the Norway Rogaland segment contributing a total revenue of kr2.40b (34% of total revenue). Explore how GSF's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Food industry in Norway.

Performance of the Norwegian Food industry.

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

Risk Analysis

You still need to take note of risks, for example - Grieg Seafood has 2 warning signs (and 1 which doesn't sit too well with us) we think you should know about.

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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.