Noratis First Half 2024 Earnings: €2.77 loss per share (vs €0.71 loss in 1H 2023)

Noratis (ETR:NUVA) First Half 2024 Results

Key Financial Results

• Revenue: €20.8m (down 38% from 1H 2023).
• Net loss: €19.9m (loss widened by 487% from 1H 2023).
• €2.77 loss per share (further deteriorated from €0.71 loss in 1H 2023).

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

Noratis Earnings Insights

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany.

Performance of the German Real Estate industry.

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

Risk Analysis

We should say that we've discovered 4 warning signs for Noratis (2 don't sit too well with us!) that you should be aware of before investing here.

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