Stock Analysis
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- ENXTLS:RAM
Ramada Investimentos e Industria Full Year 2023 Earnings: EPS Beats Expectations
Ramada Investimentos e Industria (ELI:RAM) Full Year 2023 Results
Key Financial Results
- Revenue: €141.0m (down 27% from FY 2022).
- Net income: €10.4m (down 48% from FY 2022).
- Profit margin: 7.4% (down from 10% in FY 2022). The decrease in margin was driven by lower revenue.
- EPS: €0.41 (down from €0.78 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ramada Investimentos e Industria EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%.
The primary driver behind last 12 months revenue was the Industry segment contributing a total revenue of €133.3m (95% of total revenue). Notably, cost of sales worth €107.1m amounted to 76% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €15.2m (65% of total expenses). Explore how RAM's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Metals and Mining industry in Europe.
Performance of the market in Portugal.
The company's shares are up 2.9% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Ramada Investimentos e Industria that you should be aware of.
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Find out whether Ramada Investimentos e Industria is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About ENXTLS:RAM
Ramada Investimentos e Industria
Ramada Investimentos e Industria, S.A. primarily operates in the steel and wire drawing business in Portugal and internationally.
Flawless balance sheet average dividend payer.