Swire Pacific (HKG:19) Full Year 2024 Results

Key Financial Results

• Revenue: HK$82.0b (down 14% from FY 2023).
• Net income: HK$4.32b (down 85% from FY 2023).
• Profit margin: 5.3% (down from 30% in FY 2023).
• EPS: HK$3.06 (down from HK$19.96 in FY 2023).

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

Swire Pacific Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 51%.

The primary driver behind last 12 months revenue was the Beverages segment contributing a total revenue of HK$36.6b (45% of total revenue). Notably, cost of sales worth HK$51.5b amounted to 63% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to HK$11.4b (44% of total expenses). Explore how 19's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Industrials industry in Hong Kong.

Performance of the Hong Kong Industrials industry.

The company's shares are down 8.8% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Swire Pacific that you should be aware of before investing here.

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