Softing Second Quarter 2024 Earnings: €0.16 loss per share (vs €0.054 profit in 2Q 2023)
Softing (ETR:SYT) Second Quarter 2024 Results
Key Financial Results
- Revenue: €25.2m (down 18% from 2Q 2023).
- Net loss: €1.41m (down by 390% from €485.0k profit in 2Q 2023).
- €0.16 loss per share (down from €0.054 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Softing Earnings Insights
Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.
Performance of the German Electronic industry.
The company's shares are down 1.8% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Softing (1 shouldn't be ignored) you should be aware of.
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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:SYT
Undervalued with adequate balance sheet.
