Banca Mediolanum Third Quarter 2024 Earnings: EPS: €0.30 (vs €0.28 in 3Q 2023)

Banca Mediolanum (BIT:BMED) Third Quarter 2024 Results

Key Financial Results

• Revenue: €487.6m (up 4.2% from 3Q 2023).
• Net income: €224.4m (up 7.5% from 3Q 2023).
• Profit margin: 46% (up from 45% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: €0.30 (up from €0.28 in 3Q 2023).

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

Banca Mediolanum Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Diversified Financial industry in Italy.

Performance of the Italian Diversified Financial industry.

The company's shares are up 2.0% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Banca Mediolanum (of which 1 is significant!) you should know about.

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