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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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.
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About BIT:GF
Generalfinance
Provides factoring service for distressed companies in Italy.
Solid track record with reasonable growth potential.
