Carlo Gavazzi Holding (VTX:GAV) First Half 2023 Results
Key Financial Results
Revenue: CHF104.7m (up 13% from 1H 2022).
Net income: CHF13.8m (up 23% from 1H 2022).
Profit margin: 13% (up from 12% in 1H 2022). The increase in margin was driven by higher revenue.
EPS: CHF19.39 (up from CHF15.82 in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Carlo Gavazzi Holding Earnings Insights
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 6.6% growth forecast for the Electrical industry in Europe.
Performance of the market in Switzerland.
The company's shares are up 9.0% from a week ago.
What about risks? Every company has them, and we've spotted 2 warning signs for Carlo Gavazzi Holding (of which 1 is concerning!) you should know about.
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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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