Yahoo Finance New Work Full Year 2023 Earnings: EPS Misses Expectations
New Work (ETR:NWO) Full Year 2023 Results
Key Financial Results
Revenue: €329.7m (down 1.3% from FY 2022).
Net income: €36.9m (down 20% from FY 2022).
Profit margin: 11% (down from 14% in FY 2022).
EPS: €6.56 (down from €8.20 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
New Work EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%.
The primary driver behind last 12 months revenue was the HR Solutions & Talent Access segment contributing a total revenue of €218.6m (66% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to €43.4m (31% of total expenses). Explore how NWO's revenue and expenses shape its earnings.
Looking ahead, revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Interactive Media and Services industry in Europe are expected to grow by 9.9%.
Performance of the market in Germany.
The company's shares are up 12% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for New Work (of which 1 is concerning!) you should know about.
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