Faes Farma Reports Second Quarter 2024 Earnings

Faes Farma (BME:FAE) Second Quarter 2024 Results

Key Financial Results

• Revenue: €134.6m (up 9.5% from 2Q 2023).
• Net income: €27.9m (up 9.9% from 2Q 2023).
• Profit margin: 21% (in line with 2Q 2023).

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

Faes Farma Earnings Insights

Looking ahead, revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Pharmaceuticals industry in Europe.

Performance of the market in Spain.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Faes Farma (at least 1 which is significant), and understanding them should be part of your investment process.

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