ErreDue Reports First Half 2024 Earnings

ErreDue (BIT:RDUE) First Half 2024 Results

Key Financial Results

• Revenue: €8.13m (down 7.5% from 1H 2023).
• Net income: €1.04m (down 33% from 1H 2023).
• Profit margin: 13% (down from 18% in 1H 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

ErreDue Earnings Insights

Looking ahead, revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Italy.

Performance of the Italian Machinery industry.

The company's shares are down 2.2% from a week ago.

Risk Analysis

You still need to take note of risks, for example - ErreDue has 2 warning signs we think you should be aware of.

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