Stock Analysis
VRG Second Quarter 2024 Earnings: EPS: zł0.12 (vs zł0.20 in 2Q 2023)
VRG (WSE:VRG) Second Quarter 2024 Results
Key Financial Results
- Revenue: zł340.8m (up 1.6% from 2Q 2023).
- Net income: zł28.2m (down 41% from 2Q 2023).
- Profit margin: 8.3% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: zł0.12 (down from zł0.20 in 2Q 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 7.5% 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 down 1.1% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on VRG's balance sheet.
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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:VRG
VRG
Designs, manufactures, and distributes jewelry and fashion collections for women and men in Poland and internationally.