Hexagon Composites Third Quarter 2024 Earnings: EPS: kr0.01 (vs kr0.79 loss in 3Q 2023)

Hexagon Composites (OB:HEX) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr1.25b (flat on 3Q 2023).
• Net income: kr2.20m (up from kr159.2m loss in 3Q 2023).
• Profit margin: 0.2% (up from net loss in 3Q 2023).
• EPS: kr0.01 (up from kr0.79 loss in 3Q 2023).

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

Hexagon Composites Earnings Insights

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Norway.

Performance of the Norwegian Machinery industry.

The company's shares are up 12% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Hexagon Composites 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.