Companhia Brasileira de Alumínio Reports First Quarter 2024 Earnings

Companhia Brasileira de Alumínio (BVMF:CBAV3) First Quarter 2024 Results

Key Financial Results

• Revenue: R$1.69b (down 12% from 1Q 2023).
• Net loss: R$56.4m (down by 184% from R$67.0m profit in 1Q 2023).

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

Companhia Brasileira de Alumínio Earnings Insights

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 1.0% growth forecast for the Metals and Mining industry in Brazil.

Performance of the Brazilian Metals and Mining industry.

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

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Companhia Brasileira de Alumínio (2 are a bit concerning!) that you need to be mindful of.

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