PSP Swiss Property (VTX:PSPN) Full Year 2023 Results

Key Financial Results

• Revenue: CHF375.3m (down 9.3% from FY 2022).

• Net income: CHF207.6m (down 37% from FY 2022).

• Profit margin: 55% (down from 80% in FY 2022).

• EPS: CHF4.53 (down from CHF7.19 in FY 2022).

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

PSP Swiss Property EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%.

Looking ahead, revenue is expected to fall by 1.6% p.a. on average during the next 3 years compared to a 6.1% decline forecast for the Real Estate industry in Switzerland.

Performance of the Swiss Real Estate industry.

The company's shares are down 1.6% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with PSP Swiss Property (at least 1 which is a bit concerning), and understanding these should be part of your investment process.

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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.