AF Gruppen Third Quarter 2024 Earnings: In Line With Expectations

AF Gruppen (OB:AFG) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr7.20b (up 4.3% from 3Q 2023).
• Net income: kr201.0m (up 337% from 3Q 2023).
• Profit margin: 2.8% (up from 0.7% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: kr1.85 (up from kr0.43 in 3Q 2023).

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

AF Gruppen Earnings Insights

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Construction industry in Norway.

Performance of the Norwegian Construction industry.

The company's shares are up 4.7% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of AF Gruppen's balance sheet and an in-depth analysis of the company's financial position.

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