Reway Group (BIT:RWY) First Half 2024 Results
Key Financial Results
- Revenue: €93.5m (up 72% from 1H 2023).
- Net income: €8.48m (up 46% from 1H 2023).
- Profit margin: 9.1% (down from 11% in 1H 2023). The decrease in margin was driven by higher expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Reway Group Earnings Insights
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in Italy.
Performance of the Italian Construction industry.
The company's shares are up 8.1% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Reway Group (1 can't be ignored!) that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About BIT:RWY
Reway Group
Through its subsidiaries, engages in the infrastructure preservation and restoration activities in Italy.
Reasonable growth potential with acceptable track record.
