Yahoo Finance Salzgitter Full Year 2023 Earnings: EPS Beats Expectations
Salzgitter (ETR:SZG) Full Year 2023 Results
Key Financial Results
Revenue: €11.5b (down 8.7% from FY 2022).
Net income: €200.1m (down 82% from FY 2022).
Profit margin: 1.7% (down from 8.6% in FY 2022). The decrease in margin was driven by lower revenue.
EPS: €3.70 (down from €20.00 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Salzgitter EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%.
Looking ahead, revenue is expected to decline by 5.4% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Europe are expected to grow by 1.1%.
Performance of the market in Germany.
The company's shares are up 1.2% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Salzgitter that you should be aware of.
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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.
