Stock Analysis

PION Group Full Year 2023 Earnings: Misses Expectations

Simply Wall St

April 23, 2024

PION Group (STO:PION B) Full Year 2023 Results

Key Financial Results

Revenue: kr2.02b (down 3.2% from FY 2022).
Net loss: kr14.4m (down by 124% from kr59.4m profit in FY 2022).
kr0.30 loss per share (down from kr1.26 profit in FY 2022).

revenue-and-expenses-breakdown — OM:PION B Revenue and Expenses Breakdown April 23rd 2024

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

PION Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates.

The primary driver behind last 12 months revenue was the Uniflex segment contributing a total revenue of kr1.09b (54% of total revenue). Notably, cost of sales worth kr1.94b amounted to 96% of total revenue thereby underscoring the impact on earnings.Over the last 12 months, the company's earnings were enhanced by non-operating gains of kr1.36m. Explore how PION B's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Professional Services industry in Sweden.

Performance of the Swedish Professional Services industry.

The company's shares are down 5.4% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for PION Group you should be aware of.

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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.