Generalfinance Reports Second Quarter 2024 Earnings

Generalfinance (BIT:GF) Second Quarter 2024 Results

Key Financial Results

• Revenue: €9.90m (up 4.3% from 2Q 2023).
• Net income: €3.10m (down 18% from 2Q 2023).
• Profit margin: 31% (down from 40% in 2Q 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

Generalfinance Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Diversified Financial industry in Italy.

Performance of the Italian Diversified Financial industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Generalfinance you should be aware of.

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