Stock Analysis
Centrale del Latte d'Italia Reports Third Quarter 2024 Earnings
Centrale del Latte d'Italia (BIT:CLI) Third Quarter 2024 Results
Key Financial Results
- Revenue: €88.4m (up 9.1% from 3Q 2023).
- Net income: €3.51m (up 30% from 3Q 2023).
- Profit margin: 4.0% (up from 3.3% in 3Q 2023). The increase in margin was driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Centrale del Latte d'Italia Earnings Insights
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 13% growth forecast for the Food industry in Italy.
Performance of the Italian Food industry.
The company's shares are up 1.5% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Centrale del Latte d'Italia you should know about.
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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:CLI
Centrale del Latte d'Italia
Engages in the production, processing, and sale of dairy products in Italy.
