Stock Analysis
Komercní banka (SEP:KOMB) First Quarter 2024 Results
Key Financial Results
- Revenue: Kč8.34b (down 11% from 1Q 2023).
- Net income: Kč2.80b (down 21% from 1Q 2023).
- Profit margin: 34% (down from 38% in 1Q 2023). The decrease in margin was driven by lower revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Komercní banka Revenues Disappoint
Revenue missed analyst estimates by 1.3%.
Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Banks industry in Europe.
Performance of the market in Czech Republic.
The company's shares are down 8.8% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Komercní banka that you should be aware of.
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About SEP:KOMB
Komercní banka
Provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe.
Excellent balance sheet average dividend payer.