Investec Group First Half 2024 Earnings: EPS: UK£0.34 (vs UK£0.47 in 1H 2023)

Investec Group (JSE:INL) First Half 2024 Results

Key Financial Results

• Revenue: UK£955.4m (up 11% from 1H 2023).
• Net income: UK£293.6m (down 31% from 1H 2023).
• Profit margin: 31% (down from 49% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: UK£0.34 (down from UK£0.47 in 1H 2023).

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

Investec Group Earnings Insights

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Capital Markets industry in Africa.

Performance of the market in South Africa.

The company's shares are up 5.5% from a week ago.

Risk Analysis

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

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