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Sparebanken Øst Past Earnings Performance

Past criteria checks 4/6

Sparebanken Øst's earnings have been declining at an average annual rate of -0.6%, while the Banks industry saw earnings growing at 25.3% annually. Revenues have been growing at an average rate of 4.5% per year. Sparebanken Øst's return on equity is 10.6%, and it has net margins of 13.7%.

Key information

-0.6%

Earnings growth rate

-0.5%

EPS growth rate

Banks Industry Growth	21.2%
Revenue growth rate	4.5%
Return on equity	10.6%
Net Margin	13.7%
Last Earnings Update	30 Jun 2024

Recent past performance updates

No updates

Recent updates

No updates

Revenue & Expenses Breakdown

How Sparebanken Øst makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BATS-CHIXE:SPOGO Revenue, expenses and earnings (NOK Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	1,009	138	226
31 Mar 24	975	132	226
31 Dec 23	910	118	224
30 Sep 23	882	113	213
30 Jun 23	802	98	206
31 Mar 23	746	89	198
31 Dec 22	691	79	196
30 Sep 22	678	82	153
30 Jun 22	688	86	169
31 Mar 22	759	106	189
31 Dec 21	760	107	203
30 Sep 21	739	101	264
30 Jun 21	738	103	260
31 Mar 21	830	135	252
31 Dec 20	830	137	252
30 Sep 20	837	141	221
30 Jun 20	855	148	218
31 Mar 20	703	102	217
31 Dec 19	703	101	216
30 Sep 19	665	91	242
30 Jun 19	708	109	244
31 Mar 19	728	118	245
31 Dec 18	740	125	237
30 Sep 18	771	137	227
30 Jun 18	713	118	221
31 Mar 18	716	119	220
31 Dec 17	725	120	224
30 Sep 17	717	123	222
30 Jun 17	712	124	222
31 Mar 17	731	128	224
31 Dec 16	712	125	222
30 Sep 16	698	117	230
30 Jun 16	662	104	234
31 Mar 16	609	91	232
31 Dec 15	629	99	235
30 Sep 15	638	-113	234
30 Jun 15	811	76	234
31 Mar 15	821	124	237
31 Dec 14	829	178	236
30 Sep 14	841	277	239
30 Jun 14	711	145	239
31 Mar 14	719	153	238
31 Dec 13	683	122	239
30 Sep 13	666	132	236

Quality Earnings: SPOGO has high quality earnings.

Growing Profit Margin: SPOGO's current net profit margins (13.7%) are higher than last year (12.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SPOGO's earnings have declined by 0.6% per year over the past 5 years.

Accelerating Growth: SPOGO's earnings growth over the past year (41.4%) exceeds its 5-year average (-0.6% per year).

Earnings vs Industry: SPOGO earnings growth over the past year (41.4%) exceeded the Banks industry 7.9%.

Return on Equity

High ROE: SPOGO's Return on Equity (10.6%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/08/27 06:22
End of Day Share Price	2024/05/30 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Sparebanken Øst is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Geir Kristiansen	Beringer Finance AB
Christian Berner	Beringer Finance AB
Håkon Astrup	DNB Markets