Safilo Group First Half 2024 Earnings: EPS: €0.043 (vs €0.022 loss in 1H 2023)

Safilo Group (BIT:SFL) First Half 2024 Results

Key Financial Results

• Revenue: €532.0m (down 3.3% from 1H 2023).
• Net income: €17.6m (up from €8.96m loss in 1H 2023).
• Profit margin: 3.3% (up from net loss in 1H 2023).
• EPS: €0.043 (up from €0.022 loss in 1H 2023).

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

Safilo Group Earnings Insights

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Luxury industry in Italy.

Performance of the Italian Luxury industry.

The company's shares are down 7.2% from a week ago.

Valuation

Safilo Group's financial results now indicate the company's shares could present an opportunity based on 6 important indicators. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com