Beerenberg (OB:BBERG) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr802.0m (up 30% from 2Q 2023).
- Net income: kr43.0m (up 169% from 2Q 2023).
- Profit margin: 5.4% (up from 2.6% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: kr1.75.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Beerenberg Earnings Insights
Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Energy Services industry in Norway.
Performance of the Norwegian Energy Services industry.
The company's shares are up 13% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for Beerenberg (1 is significant!) that you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if Beerenberg might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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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:BBERG
Beerenberg
Through its subsidiaries, provides newbuild, maintenance, modification, and lifetime extension services for the oil and gas industry in Norway and internationally.
Solid track record with reasonable growth potential.
