Mobimo Holding First Half 2024 Earnings: EPS Beats Expectations

Mobimo Holding (VTX:MOBN) First Half 2024 Results

Key Financial Results

• Revenue: CHF113.5m (up 13% from 1H 2023).
• Net income: CHF65.6m (up 92% from 1H 2023).
• Profit margin: 58% (up from 34% in 1H 2023). The increase in margin was primarily driven by lower expenses.
• EPS: CHF9.04 (up from CHF4.72 in 1H 2023).

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

Mobimo Holding EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly.

Looking ahead, revenue is expected to fall by 14% p.a. on average during the next 3 years compared to a 6.7% decline forecast for the Real Estate industry in Switzerland.

Performance of the Swiss Real Estate industry.

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

Risk Analysis

You still need to take note of risks, for example - Mobimo Holding has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.

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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.

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