- Norway
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- Industrials
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- OB:AFK
Arendals Fossekompani Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Arendals Fossekompani (OB:AFK) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr1.68b (up 20% from 2Q 2023).
- Net loss: kr468.0m (down from kr44.0m profit in 2Q 2023).
- kr14.71 loss per share (down from kr0.75 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Arendals Fossekompani Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is expected to decline by 144% p.a. on average during the next 2 years, while revenues in the Industrials industry in Europe are expected to grow by 5.2%.
Performance of the market in Norway.
The company's share price is broadly unchanged 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. See our latest analysis on Arendals Fossekompani's balance sheet health.
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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:AFK
Arendals Fossekompani
An industrial investment company, owns and operates hydropower plants in Norway, rest of Europe, Asia, and North America.
Moderate growth potential with mediocre balance sheet.