Rainbow Tours Announces First Quarter 2024 Earnings

Rainbow Tours (WSE:RBW) First Quarter 2024 Results

Key financial results

Revenues: PLN 721.6 million (an increase of 30% compared to the first quarter of 2023).
Net profit: PLN 39.0 million (an increase of 97% compared to the first quarter of 2023).
Profit margin: 5.4% (up from 3.6% in Q1 2023). The increase in margin resulted from higher revenues.

profit and revenue history — GPW:RBW Profit and revenue history May 27, 2024

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

Rainbow Tours earnings statistics

Looking ahead, revenues are forecast to grow at an average of 14% per year over the next 3 years, compared to a growth forecast for the hospitality industry in Europe of 8.1%.

Market performance in Poland.

The company’s shares fell 2.7% from a week ago.

Risk assessment

We don’t want to rain on the parade too much, but we found it too 2 warning signs for Rainbow Tours what you need to remember.

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