Stock Analysis

UBM Development Second Quarter 2024 Earnings: €0.79 loss per share (vs €4.19 loss in 2Q 2023)

WBAG:UBS
Source: Shutterstock

UBM Development (VIE:UBS) Second Quarter 2024 Results

Key Financial Results

  • Revenue: €23.4m (up 17% from 2Q 2023).
  • Net loss: €4.49m (loss narrowed by 86% from 2Q 2023).
  • €0.79 loss per share (improved from €4.19 loss in 2Q 2023).
earnings-and-revenue-history
WBAG:UBS Earnings and Revenue History August 31st 2024

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 25% p.a. on average during the next 3 years, compared to a 2.4% decline forecast for the Real Estate industry in Europe.

Performance of the market in Austria.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for UBM Development (1 shouldn't be ignored!) that you need to take into consideration.

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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.