NN Group (AMS:NN) First Half 2024 Results
Key Financial Results
- Revenue: €6.79b (up 4.0% from 1H 2023).
- Net income: €603.0m (up 7.9% from 1H 2023).
- Profit margin: 8.9% (up from 8.6% in 1H 2023). The increase in margin was driven by higher revenue.
- EPS: €2.21 (up from €2.01 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
NN Group Earnings Insights
Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Insurance industry in Europe.
Performance of the market in the Netherlands.
The company's shares are up 1.2% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for NN Group that we have uncovered.
Valuation is complex, but we're here to simplify it.
Discover if NN Group might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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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 ENXTAM:NN
NN Group
A financial services company, provides life and non-life insurance products in the Netherlands and internationally.
Undervalued with proven track record.
