Avolta First Half 2024 Earnings: Revenues Beat Expectations, EPS Lags

Avolta (VTX:AVOL) First Half 2024 Results

Key Financial Results

• Revenue: CHF6.46b (up 11% from 1H 2023).
• Net income: CHF11.5m (up from CHF27.6m loss in 1H 2023).
• Profit margin: 0.2% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue.
• EPS: CHF0.08 (up from CHF0.23 loss in 1H 2023).

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

Avolta Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 46%.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Europe.

Performance of the market in Switzerland.

The company's shares are down 9.6% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Avolta (1 is significant!) that you need to be mindful of.

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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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