Sogefi Reports Full Year 2024 Earnings

Sogefi (BIT:SGF) Full Year 2024 Results

Key Financial Results

• Revenue: €1.02b (down 37% from FY 2023).
• Net income: €15.4m (down 76% from FY 2023).
• Profit margin: 1.5% (down from 4.0% in FY 2023). The decrease in margin was driven by lower revenue.

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

Sogefi Earnings Insights

The primary driver behind last 12 months revenue was the Suspensions segment contributing a total revenue of €564.6m (55% of total revenue). Notably, cost of sales worth €816.3m amounted to 80% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to €78.1m (41% of total expenses). Explore how SGF's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Auto Components industry in Italy.

Performance of the Italian Auto Components industry.

The company's shares are down 21% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Sogefi that you need to be mindful of.

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