- Germany
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- Capital Markets
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- XTRA:O4B
OVB Holding Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
OVB Holding (ETR:O4B) Third Quarter 2024 Results
Key Financial Results
- Revenue: €99.5m (up 11% from 3Q 2023).
- Net income: €4.09m (up 7.0% from 3Q 2023).
- Profit margin: 4.1% (down from 4.3% in 3Q 2023). The decrease in margin was driven by higher expenses.
- EPS: €0.29 (up from €0.27 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
OVB Holding Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 2.4%.
Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat.
Performance of the German Capital Markets industry.
The company's shares are up 1.5% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of OVB Holding's balance sheet and an in-depth analysis of the company's financial position.
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About XTRA:O4B
OVB Holding
Through its subsidiaries, provides advisory and brokerage services to private households in Europe.
Flawless balance sheet with solid track record and pays a dividend.