Akastor Reports Second Quarter 2024 Earnings

Akastor (OB:AKAST) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr91.0m (up 42% from 2Q 2023).
• Net income: kr898.0m (up from kr92.0m loss in 2Q 2023).

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

Akastor Earnings Insights

Looking ahead, revenue is expected to decline by 37% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Norway are expected to grow by 5.2%.

Performance of the Norwegian Energy Services industry.

The company's shares are down 3.0% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Akastor that you need to be mindful of.

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