Qliro Full Year 2023 Earnings: Misses Expectations

Qliro (STO:QLIRO) Full Year 2023 Results

Key Financial Results

• Revenue: kr326.8m (up 11% from FY 2022).
• Net income: kr4.10m (up from kr93.5m loss in FY 2022).
• Profit margin: 1.3% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses.
• EPS: kr0.21 (up from kr4.90 loss in FY 2022).

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

Qliro Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Consumer Finance industry in Europe.

Performance of the market in Sweden.

The company's shares are up 7.5% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Qliro.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.