FORTEC Elektronik Second Quarter 2024 Earnings: EPS: €0.25 (vs €0.45 in 2Q 2023)
FORTEC Elektronik (ETR:FEV) Second Quarter 2024 Results
Key Financial Results
Revenue: €20.7m (down 15% from 2Q 2023).
Net income: €812.0k (down 44% from 2Q 2023).
Profit margin: 3.9% (down from 5.9% in 2Q 2023). The decrease in margin was driven by lower revenue.
EPS: €0.25 (down from €0.45 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
FORTEC Elektronik Earnings Insights
Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany.
Performance of the German Electronic industry.
The company's shares are up 5.5% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with FORTEC Elektronik, and understanding it should be part of your investment process.
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