Vienna Insurance Group First Half 2024 Earnings: EPS: €2.75 (vs €2.68 in 1H 2023)

Simply Wall St · 09/01 06:27

Vienna Insurance Group (VIE:VIG) First Half 2024 Results

Key Financial Results

  • Revenue: €6.04b (up 7.5% from 1H 2023).
  • Net income: €351.7m (up 2.4% from 1H 2023).
  • Profit margin: 5.8% (down from 6.1% in 1H 2023). The decrease in margin was driven by higher expenses.
  • EPS: €2.75 (up from €2.68 in 1H 2023).
earnings-and-revenue-growth
WBAG:VIG Earnings and Revenue Growth September 1st 2024

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

Vienna Insurance Group Earnings Insights

Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Insurance industry in Europe.

Performance of the market in Austria.

The company's shares are up 1.3% from a week ago.

Risk Analysis

Be aware that Vienna Insurance Group is showing 1 warning sign in our investment analysis that you should know about...