Bakkavor Group (LON:BAKK) Full Year 2023 Results

Key Financial Results

• Revenue: UK￡2.20b (up 3.0% from FY 2022).

• Net income: UK￡53.9m (up 331% from FY 2022).

• Profit margin: 2.4% (up from 0.6% in FY 2022). The increase in margin was driven by higher revenue.

• EPS: UK￡0.094 (up from UK￡0.022 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bakkavor Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.1%.

The primary driver behind last 12 months revenue was the United Kingdom (UK) segment contributing a total revenue of UK￡1.85b (84% of total revenue). Notably, cost of sales worth UK￡1.61b amounted to 73% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK￡408.5m (76% of total expenses). Explore how BAKK's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Food industry in the United Kingdom.

Performance of the British Food industry.

The company's shares are up 3.0% from a week ago.

Risk Analysis

Be aware that Bakkavor Group is showing 1 warning sign in our investment analysis that you should know about...

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