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…

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