Stock Analysis
Asseco South Eastern Europe (WSE:ASE) First Quarter 2024 Results
Key Financial Results
- Revenue: zł367.1m (down 3.4% from 1Q 2023).
- Net income: zł47.0m (up 3.3% from 1Q 2023).
- Profit margin: 13% (in line with 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Asseco South Eastern Europe Earnings Insights
Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the IT industry in Europe.
Performance of the market in Poland.
The company's shares are down 1.2% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Asseco South Eastern Europe that you should be aware of.
Valuation is complex, but we're helping make it simple.
Find out whether Asseco South Eastern Europe is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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:ASE
Asseco South Eastern Europe
Asseco South Eastern Europe S.A., together with its subsidiaries, engages in the sale of its own and third-party software.
Excellent balance sheet average dividend payer.
