In This Article:
Sulzer (VTX:SUN) Full Year 2023 Results
Key Financial Results
-
Revenue: CHF3.28b (up 3.2% from FY 2022).
-
Net income: CHF229.1m (up by CHF200.5m from FY 2022).
-
Profit margin: 7.0% (up from 0.9% in FY 2022). The increase in margin was primarily driven by higher revenue.
-
EPS: CHF6.76 (up from CHF0.85 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sulzer EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 3.4%.
Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Switzerland.
Performance of the Swiss Machinery industry.
The company's shares are up 7.3% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Sulzer's balance sheet and an in-depth analysis of the company's financial position.
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.