Fraser & Neave Holdings Bhd (KLSE:F&N) Full Year 2023 Results

Key Financial Results

• Revenue: RM5.00b (up 12% from FY 2022).

• Net income: RM536.9m (up 40% from FY 2022).

• Profit margin: 11% (up from 8.6% in FY 2022). The increase in margin was driven by higher revenue.

• EPS: RM1.47 (up from RM1.05 in FY 2022).

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

Fraser & Neave Holdings Bhd Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 23%.

The primary driver behind last 12 months revenue was the Food and Beverages Malaysia (F&B Malaysia) segment contributing a total revenue of RM2.85b (57% of total revenue). Notably, cost of sales worth RM3.57b amounted to 71% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to RM666.1m (74% of total expenses). Explore how F&N's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Beverage industry in Malaysia.

Performance of the Malaysian Beverage industry.

The company's shares are up 3.1% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Fraser & Neave Holdings Bhd's balance sheet and an in-depth analysis of the company's financial position.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.