Stock Analysis
Globe Trade Centre (WSE:GTC) Full Year 2023 Results
Key Financial Results
- Revenue: €183.4m (up 10% from FY 2022).
- Net income: €10.5m (down 55% from FY 2022).
- Profit margin: 5.7% (down from 14% in FY 2022).
- EPS: €0.02 (down from €0.041 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Globe Trade Centre Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 75%.
Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Real Estate industry in Poland.
Performance of the Polish Real Estate industry.
The company's shares are up 3.7% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 4 warning signs for Globe Trade Centre you should be aware of, and 1 of them is significant.
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About WSE:GTC
Globe Trade Centre
Globe Trade Centre S.A., a real estate developer and investor company, engages in the development, management, and rental of office and retail space properties.
Moderate growth potential with imperfect balance sheet.