AF Gruppen (OB:AFG) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr7.65b (down 2.6% from 2Q 2023).
- Net loss: kr8.00m (down by 104% from kr185.0m profit in 2Q 2023).
- kr0.07 loss per share (down from kr1.72 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AF Gruppen Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Construction industry in Norway.
Performance of the Norwegian Construction industry.
The company's shares are down 5.6% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for AF Gruppen that you should be aware of.
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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.
About OB:AFG
AF Gruppen
A contracting and industrial company, provides civil engineering, environmental, construction, property, energy, and offshore services in Norway and Sweden.
Excellent balance sheet with reasonable growth potential.
