Tecan Group (VTX:TECN) First Half 2023 Results

Key Financial Results

• Revenue: CHF541.5m (down 7.3% from 1H 2022).

• Net income: CHF53.2m (down 19% from 1H 2022).

• Profit margin: 9.8% (down from 11% in 1H 2022). The decrease in margin was driven by lower revenue.

• EPS: CHF4.17 (down from CHF5.17 in 1H 2022).

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

Tecan Group Earnings Insights

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Life Sciences industry in Switzerland.

Performance of the Swiss Life Sciences industry.

The company's shares are up 1.8% from a week ago.

Risk Analysis

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

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.