Stock Analysis

ELQ Reports Second Quarter 2024 Earnings

Published
WSE:ELQ

ELQ (WSE:ELQ) Second Quarter 2024 Results

Key Financial Results

  • Revenue: zł21.1m (down 28% from 2Q 2023).
  • Net income: zł1.49m (down 64% from 2Q 2023).
  • Profit margin: 7.1% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue.
WSE:ELQ Earnings and Revenue History August 18th 2024

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

ELQ Earnings Insights

Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electrical industry in Europe.

Performance of the market in Poland.

The company's shares are up 7.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for ELQ (2 are a bit concerning!) that you need to be mindful of.

Valuation is complex, but we're here to simplify it.

Discover if ELQ 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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