Cairo Communication (BIT:CAI) Second Quarter 2024 Results
Key Financial Results
- Revenue: €333.6m (up 2.3% from 2Q 2023).
- Net income: €22.3m (up 18% from 2Q 2023).
- Profit margin: 6.7% (up from 5.8% in 2Q 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
Cairo Communication Earnings Insights
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.0% growth forecast for the Media industry in Italy.
Performance of the Italian Media industry.
The company's shares are down 4.1% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Cairo Communication, and understanding this should be part of your investment process.
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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:CAI
Cairo Communication
Operates as a communication company primarily in Italy and Spain.
Undervalued with solid track record and pays a dividend.
