Stock Analysis
Asseco South Eastern Europe Reports Second Quarter 2024 Earnings
Asseco South Eastern Europe (WSE:ASE) Second Quarter 2024 Results
Key Financial Results
- Revenue: zł397.6m (up 5.9% from 2Q 2023).
- Net income: zł40.1m (down 15% from 2Q 2023).
- Profit margin: 10% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses.
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 8.3% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the IT industry in Europe.
Performance of the market in Poland.
The company's shares are down 3.6% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Asseco South Eastern Europe 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.
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About WSE:ASE
Asseco South Eastern Europe
Engages in the sale of its own and third-party software.