NBI Bearings Europe Reports Full Year 2022 Earnings
Key Financial Results
Revenue: €46.9m (up 7.1% from FY 2021).
Net income: €1.29m (up 127% from FY 2021).
Profit margin: 2.8% (up from 1.3% in FY 2021). The increase in margin was driven by higher revenue.
NBI Bearings Europe Earnings Insights
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Machinery industry in Spain.
Performance of the Spanish Machinery industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for NBI Bearings Europe (2 are a bit unpleasant) you should be aware of.
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