NORMA Group Second Quarter 2024 Earnings: EPS Misses Expectations

NORMA Group (ETR:NOEJ) Second Quarter 2024 Results

Key Financial Results

• Revenue: €307.2m (down 5.4% from 2Q 2023).
• Net income: €6.49m (down 38% from 2Q 2023).
• Profit margin: 2.1% (down from 3.2% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: €0.21 (down from €0.33 in 2Q 2023).

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

NORMA Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany.

Performance of the German Machinery industry.

The company's shares are down 7.3% 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 NORMA Group (1 is significant!) that you need to be mindful of.

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