VP Bank (VTX:VPBN) results for the first half of 2024
Key financial results
- Sales: CHF 162.6 million (10% less than in the first half of 2023).
- Net profit: CHF 11.5 million (a decrease of 55% compared to the first half of 2023).
- Profit margin: 7.1% (compared to 14% in H1 2023). The decrease in margin was due to lower sales.
- Earnings per share: CHF 1.86 (compared to CHF 4.15 in the first half of 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
VP Bank Earnings Insights
An average sales growth of 2.3% per annum is expected for the next three years. In the Swiss capital market sector, however, growth of 5.8% is forecast.
Performance of the Swiss capital markets industry.
The company’s shares rose 4.1% compared to the previous week.
Risk analysis
Before we conclude, we found out 1 warning signal for VP Bank that you should know.
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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.
