Groupe Bruxelles Lambert Third Quarter 2024 Earnings: €1.61 loss per share (vs €0.35 profit in 3Q 2023)

Groupe Bruxelles Lambert (EBR:GBLB) Third Quarter 2024 Results

Key Financial Results

• Revenue: €1.44b (down 10% from 3Q 2023).
• Net loss: €223.9m (down from €49.7m profit in 3Q 2023).
• €1.61 loss per share (down from €0.35 profit in 3Q 2023).

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

Groupe Bruxelles Lambert Earnings Insights

Looking ahead, revenue is expected to fall by 18% p.a. on average during the next 3 years compared to a 20% decline forecast for the Diversified Financial industry in Europe.

Performance of the market in Belgium.

The company's shares are down 1.1% from a week ago.

Risk Analysis

Be aware that Groupe Bruxelles Lambert is showing 2 warning signs in our investment analysis and 1 of those shouldn't be ignored...

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