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OCI Full Year 2023 Earnings: Revenues Miss Expectations

OCI (AMS:OCI) Full Year 2023 Results

Key Financial Results

  • Revenue: US$1.96b (down 80% from FY 2022).

  • Net loss: US$445.6m (down by 136% from US$1.24b profit in FY 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

OCI Revenues Disappoint

Revenue missed analyst estimates by 3.3%.

Looking ahead, revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Europe.

Performance of the market in the Netherlands.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with OCI (including 1 which shouldn't be ignored).

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.