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Erbud reports results for the first quarter of 2024

Erbud (GPW:ERB) results for the first quarter of 2024

Key financial results

  • Revenues: PLN 644.3 million (decrease by 11% compared to the first quarter of 2023).
  • Net profit: PLN 2.76 million (compared to a loss of PLN 13.4 million in the first quarter of 2023).
  • Profit margin: 0.4% (increase from net loss in Q1 2023). The move to profitability was driven by lower costs.
GPW:ERB Profit and revenue history May 10, 2024

All data shown in the chart above is for a 12-month (TTM) period.

Information about Erbud’s earnings

Looking ahead, revenues are forecast to grow by an average of 1.6% per year over the next 2 years, compared to a growth forecast for the construction industry in Poland of 8.7%.

Efficiency Polish construction industry.

The company’s shares increased by 1.9% compared to the week.

Risk assessment

Please note that Erbud shows 1 warning sign in our investment analysis that you should know about…

Pricing is complex, but we help simplify it.

Find out whether Erbud is potentially overvalued or undervalued by checking out our comprehensive analysis, including: fair value estimates, risks and warnings, dividends, insider transactions and financial condition.

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This article by Simply Wall St is of a general nature. We comment based on historical data and analyst forecasts, using only an unbiased methodology, and our articles are not intended to provide financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide long-term, focused analysis based on fundamental data. Please note that our analysis may not reflect the latest price-sensitive company announcements or qualitative content. Simply Wall St has no position in any of the stocks mentioned.