Orascom Development Holding Second Quarter 2024 Earnings: EPS: CHF0.04 (vs CHF0.07 in 2Q 2023)

Orascom Development Holding (VTX:ODHN) Second Quarter 2024 Results

Key Financial Results

• Revenue: CHF160.9m (up 19% from 2Q 2023).
• Net income: CHF2.70m (down 25% from 2Q 2023).
• Profit margin: 1.7% (down from 2.7% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CHF0.04 (down from CHF0.07 in 2Q 2023).

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

Orascom Development Holding Earnings Insights

Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hospitality industry in Europe.

Performance of the market in Switzerland.

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

Risk Analysis

Be aware that Orascom Development Holding is showing 1 warning sign in our investment analysis that you should know about...

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