Société Générale Société anonyme Full Year 2024 Earnings: EPS Beats Expectations

Société Générale Société anonyme (EPA:GLE) Full Year 2024 Results

Key Financial Results

• Revenue: €25.3b (up 4.9% from FY 2023).
• Net income: €3.48b (up 101% from FY 2023).
• Profit margin: 14% (up from 7.2% in FY 2023). The increase in margin was primarily driven by higher revenue.
• EPS: €4.38 (up from €2.17 in FY 2023).

GLE Banking Performance Indicators

• Cost-to-income ratio: 69.0% (up from 67.5% in FY 2023).

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

Société Générale Société anonyme EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.3%.

The primary driver behind last 12 months revenue was the French Retail Banking, Private Banking and Insurance - French Retail and Private Banking segment contributing a total revenue of €7.27b (29% of total revenue). Explore how GLE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Banks industry in Europe.

Performance of the market in France.

The company's shares are up 5.1% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Société Générale Société anonyme that you should be aware of before investing here.

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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.