EDAG Engineering Group (ETR:ED4) Second Quarter 2024 Results

Key Financial Results

• Revenue: €216.3m (up 2.7% from 2Q 2023).

• Net income: €3.46m (down 39% from 2Q 2023).

• Profit margin: 1.6% (down from 2.7% in 2Q 2023). The decrease in margin was driven by higher expenses.

• EPS: €0.14 (down from €0.23 in 2Q 2023).

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

EDAG Engineering Group Earnings Insights

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Auto Components industry in Germany.

Performance of the German Auto Components industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with EDAG Engineering Group.

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