ASBISc Enterprises Full Year 2023 Earnings: EPS: US$0.96 (vs US$1.37 in FY 2022)

ASBISc Enterprises (WSE:ASB) Full Year 2023 Results

Key Financial Results

• Revenue: US$3.06b (up 14% from FY 2022).
• Net income: US$53.0m (down 30% from FY 2022).
• Profit margin: 1.7% (down from 2.8% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: US$0.96 (down from US$1.37 in FY 2022).

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

ASBISc Enterprises Earnings Insights

The primary driver behind last 12 months revenue was the Kazakhstan segment contributing a total revenue of US$697.1m (23% of total revenue). Notably, cost of sales worth US$2.81b amounted to 92% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to US$82.7m (42% of total expenses). Explore how ASB's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 46% p.a. on average during the next 3 years, while revenues in the Electronic industry in Europe are expected to grow by 7.7%.

Performance of the market in Poland.

The company's shares are up 8.7% from a week ago.

Risk Analysis

You still need to take note of risks, for example - ASBISc Enterprises has 2 warning signs we think you should be aware of.

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