VRG First Quarter 2024 Earnings: EPS: zł0.01 (vs zł0.014 in 1Q 2023)

VRG (WSE:VRG) First Quarter 2024 Results

Key Financial Results

• Revenue: zł278.2m (up 4.2% from 1Q 2023).
• Net income: zł2.22m (down 31% from 1Q 2023).
• Profit margin: 0.8% (down from 1.2% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: zł0.01 (down from zł0.014 in 1Q 2023).

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

VRG Earnings Insights

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe.

Performance of the market in Poland.

The company's shares are up 1.8% 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 VRG, and understanding it 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.