POLESTAR AUTOMOTIVE HOLDING UK Reports 1st Quarter FY2023 Financial Results on May 11, 2023
May 28, 2023
Earnings Overview
On May 11 2023, POLESTAR AUTOMOTIVE HOLDING UK ($BER:A4N1) reported financial results for the first quarter of FY2023 which ended on March 31 2023. Total revenue for the quarter was a USD 546.0 million rise of 20.7% from the same period last year. Net income for the quarter was a remarkable improvement of USD -9.0 million compared to the -274.5 million reported in the same quarter in FY2022.
Stock Price
At the market open, the stock opened at €3.6 and ended the day trading at €3.2, a dip of 10.1%. This represented a significant drop from its previous closing price of €3.6. This was attributed to higher operating costs and weaker demand.
Overall, POLESTAR AUTOMOTIVE HOLDING UK’s financial results were not encouraging and the stock market seemed to respond accordingly with the closing price plummeting 10%. The company is facing tough times and will need to take some necessary steps to stay afloat in the current market conditions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for A4N1. More…
| Total Revenues | Net Income | Net Margin |
| 2.56k | -200.28 | -25.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for A4N1. More…
| Operations | Investing | Financing |
| -1.41k | -550.14 | 2.31k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for A4N1. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.98k | 4.12k | -0.07 |
Key Ratios Snapshot
Some of the financial key ratios for A4N1 are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 198.7% | – | -3.8% |
| FCF Margin | ROE | ROA |
| -76.7% | 44.0% | -1.5% |
Analysis
At GoodWhale, we are proud to offer our users comprehensive analysis of POLESTAR AUTOMOTIVE HOLDING UK’s financials. We ran our state-of-the-art risk rating system and determined that it is a medium risk company in terms of both financial and business aspects. We encourage users to become registered to access more information, as our system detected one risk warning in the financial journal. Be sure to check it out in order to make an informed investment decision. More…
Summary
POLESTAR AUTOMOTIVE HOLDING UK reported strong first quarter financial results for FY2023, with total revenue of USD 546.0 million, a 20.7% increase compared to the same period in the last year. Net income improved significantly from -274.5 million to -9.0 million. Despite these positive results, the stock price declined.
Investors should analyze the key drivers of revenue and profitability, as well as any potential risks associated with POLESTAR AUTOMOTIVE HOLDING UK in order to make informed investing decisions. Furthermore, they should compare the company’s performance to its peers in order to assess its potential for future growth.
Related Posts
Recent Posts
