LEG Immobilien Full Year 2024 Earnings: Misses Expectations

LEG Immobilien (ETR:LEG) Full Year 2024 Results

Key Financial Results

• Revenue: €1.57b (up 15% from FY 2023).
• Net income: €66.0m (up from €1.57b loss in FY 2023).
• Profit margin: 4.2% (up from net loss in FY 2023).
• EPS: €0.89 (up from €21.17 loss in FY 2023).

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

LEG Immobilien Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 54%.

Looking ahead, revenue is expected to fall by 20% p.a. on average during the next 3 years compared to a 13% decline forecast for the Real Estate industry in Germany.

Performance of the German Real Estate industry.

The company's shares are down 12% from a week ago.

Risk Analysis

You still need to take note of risks, for example - LEG Immobilien has 3 warning signs (and 1 which is potentially serious) we think you should know about.

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