Azelis Group First Half 2024 Earnings: Revenues Beat Expectations, EPS Lags

Azelis Group (EBR:AZE) First Half 2024 Results

Key Financial Results

• Revenue: €2.15b (flat on 1H 2023).
• Net income: €94.8m (down 8.3% from 1H 2023).
• Profit margin: 4.4% (down from 4.8% in 1H 2023).
• EPS: €0.39 (down from €0.44 in 1H 2023).

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

Azelis Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 28%.

Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Trade Distributors industry in Europe.

Performance of the market in Belgium.

The company's shares are down 6.4% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Azelis Group that you should be aware of before investing here.

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