WENG FINE ART AG

WFA

Equity

ISIN DE0005181606 / Valor 14450738

Xetra (2024-12-23)

EUR 4.22+0.48%

WENG FINE ART AG
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About company

WENG FINE ART AG is a global art trading and consulting company specializing in the buying, selling, and brokerage of modern and contemporary art.

Summarized from source with an LLMView SourceSector: Business Services

Revenue Decline

WENG FINE ART AG reported a significant decline in revenue for Q2 2023, with the net revenue from deliveries and services amounting to EUR 2,012,378.97, compared to EUR 3,417,907.18 in the same quarter of the previous year.

Gross Profit Reduction

The gross profit for WENG FINE ART AG in Q2 2023 was EUR 874,056.52, a decrease from EUR 1,661,666.82 in Q2 2022. This reduction is attributed to higher direct costs and lower revenue.

EBITDA Decrease

WENG FINE ART AG's EBITDA for Q2 2023 was EUR 421,710.21, down from EUR 1,233,966.59 in Q2 2022. The decrease in EBITDA reflects the overall reduction in gross profit and increased operational expenses.

Net Profit Drop

The net profit for WENG FINE ART AG in Q2 2023 was EUR 300,195.31, a substantial drop from EUR 1,000,601.10 in Q2 2022. This decline in net profit is due to lower revenue and higher costs.

Increased Financial Liabilities

WENG FINE ART AG's total financial liabilities increased in Q2 2023, with long-term interest-bearing liabilities rising to EUR 3,000,000.00 from EUR 2,000,000.00 in Q2 2022. This increase in liabilities indicates a higher debt burden for the company.

Summarized from source with an LLMView Source

Key figures

-37.6%1Y

-86.4%3Y

%5Y

Performance

37.8%1Y

45.6%3Y

46.8%5Y

Volatility