Tessenderlo Group (EBR:TESB) results for the first half of 2024
Key financial results
- Sales: €1.39 billion (15% less than in the first half of 2023).
- Net profit: €60.4 million (25% less than in the first half of 2023).
- Profit margin: 4.3% (compared to 4.9% in H1 2023). The decrease in margin was due to lower sales.
- Earnings per share: €0.97 (compared to €1.27 in the first half of 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Insights into the results of the Tessenderlo Group
An average sales growth of 3.6% per annum is expected for the next three years. For the Belgian chemical industry, however, a decline of 4.8% is forecast.
Performance of the Belgian chemical industry.
The company’s shares fell 1.4 percent compared to the previous week.
Risk analysis
We don’t want to spoil the fun too much, but we also found 2 warning signals for the Tessenderlo Group that you need to consider.
Valuation is complex, but we are here to simplify it.
Discover whether Tessenderlo Group could be under- or overvalued with our detailed analysis, including Fair value estimates, potential risks, dividends, insider trading and the company’s financial condition.
Access to free analyses
Do you have feedback on this article? Are you concerned about the content? Contact us directly from us. Alternatively, send an email to editorial-team (at) simplywallst.com.
This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute 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 you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.
