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Amica reports results for the first quarter of 2024

Posted on by darion

Amica (GPW:AMC) results for the first quarter of 2024

Key financial results

  • Revenues: PLN 628.4 million (a decrease of 12% compared to the first quarter of 2023).
  • Net profit: PLN 3.10 million (compared to a loss of PLN 900.0 thousand in the first quarter of 2023).
  • Profit margin: 0.5% (increase from net loss in Q1 2023). The move to profitability was driven by lower costs.
GPW:AMC Increase in profits and revenues May 27, 2024

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

Amica earnings statistics

Looking ahead, revenues are forecast to grow at an average of 5.1% per year over the next 3 years, compared to a growth forecast for the durable goods industry in Poland of 9.6%.

Efficiency Polish consumer durable goods industry.

The company’s shares fell 7.1% from a week ago.

Balance sheet analysis

While it’s important to consider the income statement, you can learn a lot about a company by looking at its balance sheet. We did the analysis and you can see our approach to Amica’s balance sheet.

Pricing is complex, but we help simplify it.

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

View free analysis

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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.