Newag Second Quarter 2024 Earnings: EPS: zł0.79 (vs zł0.32 in 2Q 2023)
Newag (WSE:NWG) Second Quarter 2024 Results
Key Financial Results
- Revenue: zł346.8m (up 106% from 2Q 2023).
- Net income: zł35.5m (up 142% from 2Q 2023).
- Profit margin: 10% (up from 8.7% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: zł0.79 (up from zł0.32 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Newag Earnings Insights
Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Machinery industry in Poland.
Performance of the Polish Machinery industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Newag that you should be aware of before investing here.
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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 WSE:NWG
Newag
Engages in the production and sale of railway locomotives and rolling stocks in Poland.
Flawless balance sheet with proven track record.