Dowlais Group First Half 2024 Earnings: Misses Expectations

Dowlais Group (LON:DWL) First Half 2024 Results

Key Financial Results

• Revenue: UK£2.29b (down 10% from 1H 2023).
• Net loss: UK£99.0m (loss widened by 19% from 1H 2023).
• UK£0.073 loss per share (further deteriorated from UK£0.061 loss in 1H 2023).

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

Dowlais Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Auto Components industry in the United Kingdom.

Performance of the British Auto Components industry.

The company's shares are up 2.3% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Dowlais Group, and understanding it 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.