Viscofan FY net income EUR159.9M, est. EUR154.4M

Viscofan FY net income EUR159.9M, est. EUR154.4M

Viscofan Reports FY 2024 Net Income of EUR159.3M, Exceeding Estimates

Viscofan, S.A. (VIS.F) announced a net income of EUR159.3 million for its fiscal year ending December 31, 2024, surpassing the estimated EUR154.4 million. This represents a modest increase from EUR157.0 million in net income for the same period in 2023 according to financial data.

The company's financial results reflect total revenue of EUR1.24 billion for the year, compared to EUR1.20 billion in the prior fiscal year. Operating income reached EUR212.3 million, up from EUR201.9 million in 2023, indicating improved operational efficiency. Cost of revenue amounted to EUR395.1 million, reflecting a 1.2% increase year-over-year.

Tax provisions for the fiscal year totaled EUR36.3 million, resulting in an effective tax rate of approximately 18.6%. Earnings per share (EPS) for basic and diluted shares stood at EUR3.47 and EUR3.46, respectively, marking a slight increase from 2023 levels.

Viscofan's EBITDA for the year reached EUR289.9 million, down modestly from EUR300.6 million in 2023. The company reported operating expenses of EUR635.2 million, a 3.5% increase compared to the previous fiscal year.

These results position Viscofan with a mixed performance, balancing revenue growth against margin pressures. Investors may note the slight outperformance relative to estimates but will likely monitor the company's ability to sustain profitability amid evolving market conditions.

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