AUTO1 Group (ETR:AG1) Second Quarter 2024 Results
Key Financial Results
- Revenue: €1.52b (up 13% from 2Q 2023).
- Net income: €1.84m (up from €32.8m loss in 2Q 2023).
- Profit margin: 0.1% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
AUTO1 Group Earnings Insights
Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany.
Performance of the German Specialty Retail industry.
The company's shares are down 10% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for AUTO1 Group you should know about.
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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:AG1
AUTO1 Group
Operates a digital automotive platform for buying and selling used cars online in Europe.
Reasonable growth potential and fair value.
