Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna Full Year 2023 Earnings: Revenues Miss Expectations

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna (WSE:PKO) Full Year 2023 Results

Key Financial Results

• Revenue: zł17.4b (up 26% from FY 2022).
• Net income: zł5.50b (up 65% from FY 2022).
• Profit margin: 32% (up from 24% 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

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna Revenues Disappoint

Revenue missed analyst estimates by 2.8%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Banks industry in Poland.

Performance of the Polish Banks industry.

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

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna, and understanding it should be part of your investment process.

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