Eolus Vind Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Eolus Vind (STO:EOLU B) Full Year 2023 Results

Key Financial Results

• Revenue: kr2.39b (up 1.6% from FY 2022).
• Net income: kr573.0m (up from kr5.00m loss in FY 2022).
• Profit margin: 24% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses.
• EPS: kr23.01 (up from kr0.20 loss in FY 2022).

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

Eolus Vind EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) exceeded analyst estimates by 8.0%.

Looking ahead, revenue is expected to decline by 30% p.a. on average during the next 3 years, while revenues in the Construction industry in Sweden are expected to grow by 4.5%.

Performance of the Swedish Construction industry.

The company's shares are down 5.5% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Eolus Vind (2 shouldn't be ignored!) that you need to take into consideration.

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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.