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

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).

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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