ME Group International Full Year 2024 Earnings: Revenues Disappoint

ME Group International (LON:MEGP) Full Year 2024 Results

Key Financial Results

• Revenue: UK£307.9m (up 3.4% from FY 2023).
• Net income: UK£54.1m (up 6.8% from FY 2023).
• Profit margin: 18% (in line with FY 2023).
• EPS: UK£0.14 (up from UK£0.13 in FY 2023).

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

ME Group International Revenues Disappoint

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Services industry in the United Kingdom.

Performance of the British Consumer Services industry.

The company's shares are down 6.1% 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 ME Group International, and understanding this should be part of your investment process.

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