In This Article:
VAT Group (VTX:VACN) First Half 2023 Results
Key Financial Results
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Revenue: CHF453.8m (down 17% from 1H 2022).
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Net income: CHF84.2m (down 43% from 1H 2022).
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Profit margin: 19% (down from 27% in 1H 2022). The decrease in margin was driven by lower revenue.
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EPS: CHF2.81 (down from CHF4.92 in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
VAT Group Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) missed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Switzerland.
Performance of the Swiss Machinery industry.
The company's shares are up 4.1% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with VAT Group.
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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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