AIB Group plc delivered a robust QQ3 2024 performance with EUR 1.225 billion in revenue and EUR 0.622 billion of net income, translating to an EPS of EUR 0.25. The quarter showed strong profitability with an operating margin of approximately 62.6% and a net margin of about 50.8%, underscoring the franchise’s ability to convert revenue into earnings despite a mid-cycle backdrop. Revenue growth was positive both YoY (1.32%) and QoQ (2.00%), supported by a stable margin profile and disciplined cost management.
Key Performance Indicators
Revenue
Increasing
1.23B
QoQ: 2.00% | YoY: 1.32%
Gross Profit
Increasing
1.23B
1.00% margin
QoQ: 1.37% | YoY: 1.32%
Operating Income
Increasing
766.50M
QoQ: 6.46% | YoY: 0.52%
Net Income
Increasing
622.00M
QoQ: 12.07% | YoY: 6.05%
EPS
Increasing
0.25
QoQ: 25.00% | YoY: 13.64%
Revenue Trend
Margin Analysis
Financial Highlights
Key metrics and insights (EUR millions unless stated otherwise):
- Revenue: 1,225.0; YoY +1.32%; QoQ +2.00%
- Gross Profit: 1,225.0; YoY +1.32%; QoQ +1.37% (gross margin effectively 100% in the data, given gross profit equals revenue)
- Operating Income: 766.5; YoY +0.52%; QoQ +6.46%
- Net Income: 622.0; YoY +6.05%; QoQ +12.07%
- EPS: 0.25 EUR; YoY +13.64%; QoQ +25.00%
- Operating Margin: ~62.57% (766.5 / 1,225)
- Net Margin: ~50.78% (622.0 / 1,225)
- ROE (approx.): ~4.0% (net income 622m over equity 15,436m)
- ROA (approx.): ~0.44% (net income 622m over total assets 141,266m)
- Cash and Cash Equivalents: 38,080.0
- Total Debt: 9,128.0; Long-Term Debt: 9,128.0
- Total Liabilities: 125,839.0; Total Equity: 15,436.0
- Free Cash Flow (FCF): -229.5; Operating Cash Flow: -220.5; Net Cash from Financing Activities: 929.0; Dividends Paid: -23.0; Common Stock Repurchased: -333.0; FX effect: +50.0
- Net Change in Cash: -37,002.0; Cash at Beginning/End not fully disclosed in data
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
1.23B
1.32%
2.00%
Gross Profit
1.23B
1.32%
1.37%
Operating Income
766.50M
0.52%
6.46%
Net Income
622.00M
6.05%
12.07%
EPS
0.25
13.64%
25.00%
Key Financial Ratios
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