Grenevia Reports Second Quarter 2024 Earnings

Simply Wall St · 08/31 06:50

Grenevia (WSE:GEA) Second Quarter 2024 Results

Key Financial Results

  • Revenue: zł451.0m (up 9.7% from 2Q 2023).
  • Net income: zł48.0m (down 24% from 2Q 2023).
  • Profit margin: 11% (down from 15% in 2Q 2023).
earnings-and-revenue-growth
WSE:GEA Earnings and Revenue Growth August 31st 2024

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

Grenevia Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Machinery industry in Poland.

Performance of the Polish Machinery industry.

The company's shares are up 2.8% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Grenevia has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.