Høland og Setskog Sparebank Second Quarter 2024 Earnings: Revenues Miss Expectations

Høland og Setskog Sparebank (OB:HSPG) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr32.5m (down 22% from 2Q 2023).
• Net income: kr8.89m (down 49% from 2Q 2023).
• Profit margin: 27% (down from 42% in 2Q 2023). The decrease in margin was driven by lower revenue.

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

Høland og Setskog Sparebank Revenues Disappoint

Revenue missed analyst estimates by 1.5%.

Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, while revenues in the Banks industry in Norway are expected to remain flat.

Performance of the Norwegian Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Høland og Setskog Sparebank (1 is a bit unpleasant) you should be aware of.

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