Chervon Holdings (HKG:2285) Full Year 2024 Results
Key Financial Results
- Revenue: US$1.77b (up 29% from FY 2023).
- Net income: US$112.5m (up from US$37.1m loss in FY 2023).
- Profit margin: 6.3% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
- EPS: US$0.22 (up from US$0.073 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Chervon Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 8.5%.
The primary driver behind last 12 months revenue was the Outdoor Power Equipment segment contributing a total revenue of US$1.01b (57% of total revenue). Notably, cost of sales worth US$1.16b amounted to 65% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to US$262.3m (52% of total expenses). Explore how 2285's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Consumer Durables industry in Hong Kong.
Performance of the Hong Kong Consumer Durables industry.
The company's shares are up 3.8% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Chervon Holdings that you should be aware of before investing here.
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