BE Group Full Year 2023 Earnings: Misses Expectations

BE Group (STO:BEGR) Full Year 2023 Results

Key Financial Results

• Revenue: kr5.33b (down 23% from FY 2022).
• Net loss: kr60.0m (down by 119% from kr324.0m profit in FY 2022).
• kr4.62 loss per share (down from kr24.96 profit in FY 2022).

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

BE Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) was also behind analyst expectations.

The primary driver behind last 12 months revenue was the Finland & Baltics segment contributing a total revenue of kr2.73b (51% of total revenue). Notably, cost of sales worth kr4.78b amounted to 90% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to kr473.0m (78% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of kr4.00m. Explore how BEGR's revenue and expenses shape its earnings.

The company's shares are down 2.2% 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 BE Group, and understanding this should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.