ALSO Holding (VTX:ALSN) First Half 2023 Results
Key Financial Results
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Revenue: €4.83b (down 13% from 1H 2022).
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Net income: €52.5m (down 17% from 1H 2022).
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Profit margin: 1.1% (in line with 1H 2022).
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EPS: €4.24 (down from €4.91 in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ALSO Holding Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 38%.
Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Switzerland.
Performance of the Swiss Electronic industry.
The company's shares are up 7.5% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of ALSO Holding's balance sheet and an in-depth analysis of the company's financial position.
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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.
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