Italmobiliare First Half 2024 Earnings: EPS: €1.18 (vs €0.017 loss in 1H 2023)

Italmobiliare (BIT:ITM) First Half 2024 Results

Key Financial Results

• Revenue: €342.7m (up 19% from 1H 2023).
• Net income: €49.7m (up from €715.0k loss in 1H 2023).
• Profit margin: 14% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue.
• EPS: €1.18 (up from €0.017 loss in 1H 2023).

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

Italmobiliare Earnings Insights

Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Industrials industry in Europe.

Performance of the market in Italy.

The company's shares are down 9.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Italmobiliare (1 can't be ignored!) that you need to take into consideration.

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