Banque Cantonale Vaudoise Reports First Half 2024 Earnings

Banque Cantonale Vaudoise (VTX:BCVN) First Half 2024 Results

Key Financial Results

• Revenue: CHF580.9m (flat on 1H 2023).
• Net income: CHF221.1m (down 7.9% from 1H 2023).
• Profit margin: 38% (down from 41% in 1H 2023).

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

Banque Cantonale Vaudoise Earnings Insights

Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Banks industry in Switzerland.

Performance of the Swiss Banks industry.

The company's shares are down 1.4% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Banque Cantonale Vaudoise's balance sheet.

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