Sasol Full Year 2023 Earnings: Misses Expectations

Sasol (JSE:SOL) Full Year 2023 Results

Key Financial Results

• Revenue: R289.7b (up 6.2% from FY 2022).
• Net income: R8.80b (down 77% from FY 2022).
• Profit margin: 3.0% (down from 14% in FY 2022).
• EPS: R14.00 (down from R62.34 in FY 2022).

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

Sasol Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 69%.

Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Chemicals industry in Africa.

Performance of the market in South Africa.

The company's shares are down 3.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Sasol you should know about.

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.