Newlat Food Second Quarter 2024 Earnings: EPS: €0.083 (vs €0.078 in 2Q 2023)

Newlat Food (BIT:NWL) Second Quarter 2024 Results

Key Financial Results

• Revenue: €170.6m (down 17% from 2Q 2023).
• Net income: €3.84m (up 5.7% from 2Q 2023).
• Profit margin: 2.3% (up from 1.8% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: €0.083 (up from €0.078 in 2Q 2023).

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

Newlat Food Earnings Insights

Looking ahead, revenue is forecast to grow 38% p.a. on average 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 down 7.0% from a week ago.

Risk Analysis

Be aware that Newlat Food is showing 2 warning signs in our investment analysis and 1 of those is potentially serious...

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