Covivio Full Year 2024 Earnings: Misses Expectations

Covivio (EPA:COV) Full Year 2024 Results

Key Financial Results

• Revenue: €1.03b (flat on FY 2023).
• Net income: €68.1m (up from €1.42b loss in FY 2023).
• Profit margin: 6.6% (up from net loss in FY 2023).
• EPS: €0.64 (up from €14.55 loss in FY 2023).

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

Covivio Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 10.0%. Earnings per share (EPS) also missed analyst estimates by 84%.

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the REITs industry in Europe.

Performance of the market in France.

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 3 warning signs with Covivio (at least 1 which makes us a bit uncomfortable), and understanding these should be part of your investment process.

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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.