NORMA Group Third Quarter 2024 Earnings: Misses Expectations

NORMA Group (ETR:NOEJ) Third Quarter 2024 Results

Key Financial Results

• Revenue: €275.0m (down 7.7% from 3Q 2023).
• Net income: €6.11m (down 14% from 3Q 2023).
• Profit margin: 2.2% (down from 2.4% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: €0.19 (down from €0.22 in 3Q 2023).

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

NORMA Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) also missed analyst estimates by 9.5%.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany.

Performance of the German Machinery industry.

The company's shares are down 4.9% from a week ago.

Risk Analysis

Be aware that NORMA Group is showing 2 warning signs in our investment analysis and 1 of those is concerning...

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