Helbor Empreendimentos Full Year 2024 Earnings: Revenues Disappoint

Helbor Empreendimentos (BVMF:HBOR3) Full Year 2024 Results

Key Financial Results

• Revenue: R$1.27b (flat on FY 2023).
• Net income: R$56.5m (up 11% from FY 2023).
• Profit margin: 4.4% (up from 4.0% in FY 2023).
• EPS: R$0.43 (up from R$0.38 in FY 2023).

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

Helbor Empreendimentos Revenues Disappoint

Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) was mostly in line with analyst estimates.

In the last 12 months, the only revenue segment was Real Estate Development Activity contributing R$1.27b. Notably, cost of sales worth R$844.2m amounted to 66% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling R$125.4m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how HBOR3's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Real Estate industry in Brazil.

Performance of the Brazilian Real Estate industry.

The company's shares are down 3.4% from a week ago.

Risk Analysis

Be aware that Helbor Empreendimentos is showing 4 warning signs in our investment analysis and 2 of those are concerning...

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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.