In This Article:
Grand City Properties (ETR:GYC) Full Year 2024 Results
Key Financial Results
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Revenue: €597.0m (down 1.8% from FY 2023).
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Net income: €242.1m (up from €547.5m loss in FY 2023).
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Profit margin: 41% (up from net loss in FY 2023). The move to profitability was driven by lower expenses.
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EPS: €1.14 (up from €3.18 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Grand City Properties EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.
Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.
Performance of the German Real Estate industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Grand City Properties.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.