Detection Technology Oyj (HEL:DETEC) Full Year 2023 Results
Main financial results
- Revenue: 103.8 million euros (5.3% increase compared to 2022).
- Net profit: 5.5 million euros (7.6% increase compared to 2022).
- Profit margin: 5.3% (up from 5.2% in FY2022). The increase in margin was driven by an increase in revenue.
- EPS: €0.38 (up from €0.35 in 2022).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Detection technology Oyj EPS exceeds expectations
Sales were in line with analyst forecasts. Earnings per share (EPS) exceeded analyst expectations by 20%.
Looking ahead, revenues are expected to increase by an average of 8.0% per year over the next three years, compared to a growth forecast of 4.7% for the Finnish electronics industry.
performance of Finnish electronic industry.
The company's stock fell 8.3% from the previous week.
balance sheet analysis
Just as investors need to consider its earnings, it's also important to consider the strength of a company's balance sheet.look Detection Technology Latest analysis of Oyj's balance sheet health.
Valuation is complex, but we help make it simple.
Check out our comprehensive analysis below to see if Detection Technology Oyj is potentially overvalued or undervalued. Fair value estimates, risks and caveats, dividends, insider trading, and financial health.
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