Sogefi Reports First Quarter 2024 Earnings

Sogefi (BIT:SGF) First Quarter 2024 Results

Key Financial Results

• Revenue: €263.2m (down 39% from 1Q 2023).
• Net income: €4.60m (down 65% from 1Q 2023).
• Profit margin: 1.7% (down from 3.1% in 1Q 2023). The decrease in margin was driven by lower revenue.
• EPS: €0.039.

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

Sogefi Earnings Insights

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Auto Components industry in Italy.

Performance of the Italian Auto Components industry.

The company's shares are down 1.7% from a week ago.

Valuation

Sogefi's financial results now indicate the company's shares could present an opportunity based on 6 important indicators. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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