Rieter Holding First Half 2024 Earnings: EPS: CHF0.39 (vs CHF2.97 in 1H 2023)

Rieter Holding (VTX:RIEN) First Half 2024 Results

Key Financial Results

• Revenue: CHF421.0m (down 45% from 1H 2023).
• Net income: CHF1.80m (down 87% from 1H 2023).
• Profit margin: 0.4% (down from 1.8% in 1H 2023).
• EPS: CHF0.39 (down from CHF2.97 in 1H 2023).

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

Rieter Holding Earnings Insights

Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Machinery industry in Switzerland.

Performance of the Swiss Machinery industry.

The company's shares are down 5.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Rieter Holding (1 can't be ignored!) that you need to be mindful of.

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