Jahez International(9526.SE)1H24,Revenue growth slightly below GSe but new verticals weigh on margins
Goldman Sachs·2024-08-12 17:25

12 August 2024 | 9:28AM GST 2131d4eaf4cb4d50b1d51c8af07b64b4 Jahez International (9526.SE): 1H24: Revenue growth slightly below GSe but new verticals weigh on margins Jahez reported 1H24 results with revenue of SR1.02bn (+22% yoy), 2% below GSe. 1H24 net income came in at SR43mn down 26% yoy, 31% below GSe. There are limited number of consensus estimates. Revenue growth of 22% yoy was driven by 30% increase in total number of orders (to 50.1mn), and higher AOV, which increased to SR61.5 from SR60.4 in 1H23. ...