Surteco Group (ETR:SUR) Full Year 2022 Results
Key Financial Results
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Revenue: €752.3m (down 1.1% from FY 2021).
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Net income: €25.2m (down 47% from FY 2021).
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Profit margin: 3.4% (down from 6.3% in FY 2021). The decrease in margin was primarily driven by higher expenses.
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EPS: €1.63 (down from €3.08 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Surteco Group EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.8%.
Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany.
Performance of the German Consumer Durables industry.
The company's shares are up 3.6% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Surteco Group that we have uncovered.
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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.
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