Benefit Systems Full Year 2023 Earnings: Beats Expectations

Benefit Systems (WSE:BFT) Full Year 2023 Results

Key Financial Results

• Revenue: zł2.77b (up 45% from FY 2022).
• Net income: zł439.6m (up 218% from FY 2022).
• Profit margin: 16% (up from 7.2% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: zł149 (up from zł47.08 in FY 2022).

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

Benefit Systems Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 8.1%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Professional Services industry in Europe.

Performance of the market in Poland.

The company's shares are up 10% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Benefit Systems' balance sheet health.

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