UBM Development Reports Third Quarter 2023 Earnings

Simply Wall St

November 25, 2023

UBM Development (VIE:UBS) Third Quarter 2023 Results

Key Financial Results

Revenue: €16.9m (down 42% from 3Q 2022).
Net income: €14.4m (up from €3.68m loss in 3Q 2022).
Profit margin: 85% (up from net loss in 3Q 2022).

earnings-and-revenue-history — WBAG:UBS Earnings and Revenue History November 25th 2023

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

UBM Development Earnings Insights

Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Austria are expected to remain flat.

Performance of the Austrian Real Estate industry.

The company's shares are up 1.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for UBM Development that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.