Ice Fish Farm Full Year 2023 Earnings: Beats Expectations

Ice Fish Farm (OB:IFISH) Full Year 2023 Results

Key Financial Results

• Revenue: kr345.0m (down 44% from FY 2022).
• Net income: kr67.4m (up from kr59.5m loss in FY 2022).
• Profit margin: 20% (up from net loss in FY 2022). The move to profitability was driven by lower expenses.
• EPS: kr0.59 (up from kr0.78 loss in FY 2022).

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

Ice Fish Farm Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Food industry in Norway.

Performance of the Norwegian Food industry.

The company's shares are up 3.7% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Ice Fish Farm.

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