Yahoo Finance V-ZUG Holding Full Year 2023 Earnings: Misses Expectations
V-ZUG Holding (VTX:VZUG) Full Year 2023 Results
Key Financial Results
Revenue: CHF585.4m (down 8.0% from FY 2022).
Net income: CHF11.7m (up 47% from FY 2022).
Profit margin: 2.0% (up from 1.2% in FY 2022). The increase in margin was driven by lower expenses.
EPS: CHF1.82 (up from CHF1.24 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
V-ZUG Holding Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 24%.
The primary driver behind last 12 months revenue was the Switzerland segment contributing a total revenue of CHF481.4m (82% of total revenue). Notably, cost of sales worth CHF385.4m amounted to 66% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CHF97.5m (52% of total expenses). Explore how VZUG's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Consumer Durables industry in Europe.
Performance of the market in Switzerland.
The company's shares are up 1.7% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on V-ZUG Holding's balance sheet.
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