New Risk • Jun 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 35% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Reported Earnings • May 18
First quarter 2026 earnings released: EPS: kr1.64 (vs kr1.36 in 1Q 2025) First quarter 2026 results: EPS: kr1.64 (up from kr1.36 in 1Q 2025). Revenue: kr660.9m (up 3.9% from 1Q 2025). Net income: kr114.8m (up 21% from 1Q 2025). Profit margin: 17% (up from 15% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr20.00, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 21x in the Building industry in Europe. Total loss to shareholders of 24% over the past three years. Reported Earnings • Mar 03
Full year 2025 earnings released: EPS: kr1.55 (vs kr3.70 loss in FY 2024) Full year 2025 results: EPS: kr1.55 (up from kr3.70 loss in FY 2024). Revenue: kr2.37b (up 9.5% from FY 2024). Net income: kr108.3m (up kr366.9m from FY 2024). Profit margin: 4.6% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Announcement • Dec 23
Byggma ASA, Annual General Meeting, May 27, 2026 Byggma ASA, Annual General Meeting, May 27, 2026. Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: kr0.86 (vs kr0.40 loss in 3Q 2024) Third quarter 2025 results: EPS: kr0.86 (up from kr0.40 loss in 3Q 2024). Revenue: kr544.2m (up 8.2% from 3Q 2024). Net income: kr59.8m (up kr87.6m from 3Q 2024). Profit margin: 11% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. New Risk • Oct 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr991.4m (US$98.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings have declined by 28% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr991.4m market cap, or US$98.4m). Reported Earnings • Aug 27
Second quarter 2025 earnings released: EPS: kr0.77 (vs kr0.81 in 2Q 2024) Second quarter 2025 results: EPS: kr0.77 (down from kr0.81 in 2Q 2024). Revenue: kr598.6m (up 9.2% from 2Q 2024). Net income: kr22.1m (down 61% from 2Q 2024). Profit margin: 3.7% (down from 10% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. New Risk • Jul 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Earnings have declined by 18% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). New Risk • Apr 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr1.05b (US$97.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.5% operating cash flow to total debt). Earnings have declined by 8.7% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr1.05b market cap, or US$97.4m). Reported Earnings • Mar 04
Full year 2024 earnings released: kr3.70 loss per share (vs kr0.87 profit in FY 2023) Full year 2024 results: kr3.70 loss per share (down from kr0.87 profit in FY 2023). Revenue: kr2.19b (down 1.4% from FY 2023). Net loss: kr258.6m (down kr319.6m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. New Risk • Dec 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.0x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (kr1.08b market cap, or US$97.0m). Reported Earnings • Nov 10
Third quarter 2024 earnings released: kr0.40 loss per share (vs kr0.80 profit in 3Q 2023) Third quarter 2024 results: kr0.40 loss per share (down from kr0.80 profit in 3Q 2023). Revenue: kr509.3m (up 8.3% from 3Q 2023). Net loss: kr27.8m (down 150% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Nov 08
Byggma ASA, Annual General Meeting, May 27, 2025 Byggma ASA, Annual General Meeting, May 27, 2025. New Risk • Nov 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr1.08b (US$98.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.3x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin). Market cap is less than US$100m (kr1.08b market cap, or US$98.2m). Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: kr0.81 (vs kr0.56 in 2Q 2023) Second quarter 2024 results: EPS: kr0.81 (up from kr0.56 in 2Q 2023). Revenue: kr554.3m (up 1.8% from 2Q 2023). Net income: kr56.4m (up 44% from 2Q 2023). Profit margin: 10% (up from 7.2% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 17% per year. Reported Earnings • May 18
First quarter 2024 earnings released: kr1.49 loss per share (vs kr0.57 profit in 1Q 2023) First quarter 2024 results: kr1.49 loss per share (down from kr0.57 profit in 1Q 2023). Revenue: kr548.1m (down 14% from 1Q 2023). Net loss: kr103.8m (down 360% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. New Risk • Feb 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 37% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin). New Risk • Feb 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 55% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (94% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin). Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: kr0.87 (vs kr3.58 in FY 2022) Full year 2023 results: EPS: kr0.87 (down from kr3.58 in FY 2022). Revenue: kr2.25b (down 11% from FY 2022). Net income: kr61.0m (down 76% from FY 2022). Profit margin: 2.7% (down from 9.9% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Feb 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (6.5% net profit margin). Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr19.35, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 14x in the Building industry in Europe. Total returns to shareholders of 90% over the past three years. New Risk • Nov 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risk Profit margins are more than 30% lower than last year (5.7% net profit margin). Announcement • Sep 03
Geir Drangsland Steps Down as CEO in Byggma ASA CEO Geir Drangsland has notified the board in Byggma ASA that he will resign as CEO in Byggma ASA. The board has accepted his notification and the work of hiring a new CEO will be initiated immediately. The processes of Geir Drangsland’s resignation and hiring a new CEO will be completed as soon as possible. The board will prepare a notice of extraordinary general meeting in Byggma ASA with the agenda of proposing Geir Drangsland as a member of the board. Reported Earnings • Aug 27
Second quarter 2023 earnings released: EPS: kr0.40 (vs kr0.94 in 2Q 2022) Second quarter 2023 results: EPS: kr0.40 (down from kr0.94 in 2Q 2022). Revenue: kr550.5m (down 19% from 2Q 2022). Net income: kr28.0m (down 57% from 2Q 2022). Profit margin: 5.1% (down from 9.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 28% per year. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: kr3.60 (vs kr2.49 in FY 2021) Full year 2022 results: EPS: kr3.60 (up from kr2.49 in FY 2021). Revenue: kr2.53b (up 6.1% from FY 2021). Net income: kr251.3m (up 44% from FY 2021). Profit margin: 9.9% (up from 7.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hege Klem was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 07
Third quarter 2022 earnings released: EPS: kr1.75 (vs kr0.60 in 3Q 2021) Third quarter 2022 results: EPS: kr1.75 (up from kr0.60 in 3Q 2021). Revenue: kr573.6m (up 4.1% from 3Q 2021). Net income: kr122.2m (up 192% from 3Q 2021). Profit margin: 21% (up from 7.6% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: kr0.94 (vs kr0.55 in 2Q 2021) Second quarter 2022 results: EPS: kr0.94 (up from kr0.55 in 2Q 2021). Revenue: kr691.6m (up 13% from 2Q 2021). Net income: kr65.7m (up 72% from 2Q 2021). Profit margin: 9.5% (up from 6.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year whereas the company’s share price has increased by 49% per year. Upcoming Dividend • May 25
Upcoming dividend of kr1.00 per share Eligible shareholders must have bought the stock before 01 June 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of Norwegian dividend payers (6.7%). Higher than average of industry peers (2.1%). Reported Earnings • May 20
First quarter 2022 earnings released: EPS: kr0.96 (vs kr0.60 in 1Q 2021) First quarter 2022 results: EPS: kr0.96 (up from kr0.60 in 1Q 2021). Revenue: kr706.5m (up 25% from 1Q 2021). Net income: kr67.4m (up 60% from 1Q 2021). Profit margin: 9.5% (up from 7.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year whereas the company’s share price has increased by 45% per year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hege Klem was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorated over the past week After last week's 15% share price decline to kr27.80, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 17x in the Building industry in Europe. Total returns to shareholders of 239% over the past three years. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr2.49 (up from kr1.79 in FY 2020). Revenue: kr2.39b (up 15% from FY 2020). Net income: kr366.1m (up 193% from FY 2020). Profit margin: 15% (up from 6.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 19% share price gain to kr34.00, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 20x in the Building industry in Europe. Total returns to shareholders of 367% over the past three years. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS kr0.60 (vs kr0.52 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr551.1m (up 13% from 3Q 2020). Net income: kr41.8m (up 16% from 3Q 2020). Profit margin: 7.6% (up from 7.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 53% per year. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS kr0.60 (vs kr0.52 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr551.1m (up 13% from 3Q 2020). Net income: kr41.8m (up 16% from 3Q 2020). Profit margin: 7.6% (up from 7.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 53% per year. Reported Earnings • Sep 01
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr612.4m (up 23% from 2Q 2020). Net income: kr38.1m (up 76% from 2Q 2020). Profit margin: 6.2% (up from 4.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 22% share price gain to kr35.00, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 23x in the Building industry in Europe. Total returns to shareholders of 386% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 25% share price gain to kr33.00, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 24x in the Building industry in Europe. Total returns to shareholders of 374% over the past three years. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment deteriorated over the past week After last week's 18% share price decline to kr29.40, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 23x in the Building industry in Europe. Total returns to shareholders of 325% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 18% share price gain to kr56.50, the stock trades at a trailing P/E ratio of 31.6x. Average trailing P/E is 25x in the Building industry in Europe. Total returns to shareholders of 727% over the past three years. Upcoming Dividend • May 21
Upcoming dividend of kr80.00 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 08 June 2021. Trailing yield: 17%. Within top quartile of Norwegian dividend payers (5.2%). Higher than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improved over the past week After last week's 18% share price gain to kr426, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 24x in the Building industry in Europe. Total returns to shareholders of 383% over the past three years. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 21% share price gain to kr320, the stock trades at a trailing P/E ratio of 17.9x, up from the previous P/E ratio of 14.8x. Average P/E is 22x in the Building industry in Europe. Total returns to shareholders over the past three years are 263%. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS kr17.89 (vs kr6.97 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr2.08b (up 15% from FY 2019). Net income: kr124.9m (up 155% from FY 2019). Profit margin: 6.0% (up from 2.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 25
New 90-day high: kr230 The company is up 64% from its price of kr140 on 27 November 2020. The Norwegian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 4.0% over the same period. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improved over the past week After last week's 40% share price gain to kr230, the stock is trading at a trailing P/E ratio of 17.3x, up from the previous P/E ratio of 12.4x. This compares to an average P/E of 23x in the Building industry in Europe. Total returns to shareholders over the past three years are 158%. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improved over the past week After last week's 15% share price gain to kr164, the stock is trading at a trailing P/E ratio of 12.4x, up from the previous P/E ratio of 10.7x. This compares to an average P/E of 23x in the Building industry in Europe. Total returns to shareholders over the past three years are 91%. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 17% share price gain to kr189, the stock is trading at a trailing P/E ratio of 14.2x, up from the previous P/E ratio of 12.2x. This compares to an average P/E of 21x in the Building industry in Europe. Total returns to shareholders over the past three years are 119%. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 29% share price gain to kr186, the stock is trading at a trailing P/E ratio of 14x, up from the previous P/E ratio of 10.8x. This compares to an average P/E of 21x in the Building industry in Europe. Total returns to shareholders over the past three years are 110%. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 17% share price gain to kr162, the stock is trading at a trailing P/E ratio of 12.2x, up from the previous P/E ratio of 10.4x. This compares to an average P/E of 21x in the Building industry in Europe. Total returns to shareholders over the past three years are 86%. Is New 90 Day High Low • Dec 21
New 90-day high: kr144 The company is up 36% from its price of kr106 on 22 September 2020. The Norwegian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 4.0% over the same period. Is New 90 Day High Low • Nov 17
New 90-day high: kr127 The company is up 26% from its price of kr101 on 19 August 2020. The Norwegian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 12% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS kr5.16 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: kr487.3m (up 15% from 3Q 2019). Net income: kr36.1m (up 129% from 3Q 2019). Profit margin: 7.4% (up from 3.7% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year.