Stock Analysis

SmartCraft Full Year 2023 Earnings: EPS Beats Expectations

Simply Wall St

April 17, 2024

SmartCraft (OB:SMCRT) Full Year 2023 Results

Key Financial Results

Revenue: kr401.7m (up 21% from FY 2022).
Net income: kr107.6m (up 58% from FY 2022).
Profit margin: 27% (up from 20% in FY 2022). The increase in margin was driven by higher revenue.
EPS: kr0.64 (up from kr0.40 in FY 2022).

revenue-and-expenses-breakdown — OB:SMCRT Revenue and Expenses Breakdown April 17th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

SmartCraft EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.9%.

The primary driver behind last 12 months revenue was the Sweden segment contributing a total revenue of kr183.2m (46% of total revenue). Explore how SMCRT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in Norway.

Performance of the Norwegian Software industry.

The company's shares are down 1.6% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with SmartCraft.

Valuation is complex, but we're helping make it simple.

Find out whether SmartCraft is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.