ProCredit Holding Second Quarter 2024 Earnings: EPS: €0.41 (vs €0.59 in 2Q 2023)
ProCredit Holding (ETR:PCZ) Second Quarter 2024 Results
Key Financial Results
- Revenue: €107.1m (up 7.8% from 2Q 2023).
- Net income: €24.1m (down 31% from 2Q 2023).
- Profit margin: 23% (down from 35% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: €0.41 (down from €0.59 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ProCredit Holding Earnings Insights
Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe.
Performance of the market in Germany.
The company's shares are up 2.4% from a week ago.
Risk Analysis
You still need to take note of risks, for example - ProCredit Holding has 1 warning sign we think you should be aware 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.
About XTRA:PCZ
ProCredit Holding
Provides commercial banking services for small and medium enterprises and private customers in Europe, South America, and Germany.
Very undervalued with solid track record and pays a dividend.
