Yahoo Finance Mears Group Full Year 2023 Earnings: In Line With Expectations
Mears Group (LON:MER) Full Year 2023 Results
Key Financial Results
Revenue: UK£1.09b (up 14% from FY 2022).
Net income: UK£35.2m (up 27% from FY 2022).
Profit margin: 3.2% (up from 2.9% in FY 2022). The increase in margin was driven by higher revenue.
EPS: UK£0.33 (up from UK£0.25 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mears Group Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is expected to decline by 6.5% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in the United Kingdom are expected to grow by 5.4%.
Performance of the British Commercial Services industry.
The company's shares are up 1.1% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Mears Group (1 is potentially serious) you should be aware of.
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