Sonae SGPS First Quarter 2024 Earnings: EPS: €0.013 (vs €0.015 in 1Q 2023)

Sonae SGPS (ELI:SON) First Quarter 2024 Results

Key Financial Results

• Revenue: €2.08b (up 11% from 1Q 2023).
• Net income: €25.0m (down 12% from 1Q 2023).
• Profit margin: 1.2% (down from 1.5% in 1Q 2023). The decrease in margin was driven by higher expenses.
• EPS: €0.013 (down from €0.015 in 1Q 2023).

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

Sonae SGPS Earnings Insights

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Consumer Retailing industry in Europe.

Performance of the market in Portugal.

The company's shares are up 3.9% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Sonae SGPS that you need to take into consideration.

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