Stock Analysis
Ice Fish Farm (OB:IFISH) Full Year 2023 Results
Key Financial Results
- Revenue: kr345.0m (down 44% from FY 2022).
- Net income: kr67.4m (up from kr59.5m loss in FY 2022).
- Profit margin: 20% (up from net loss in FY 2022). The move to profitability was driven by lower expenses.
- EPS: kr0.59 (up from kr0.78 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ice Fish Farm Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Food industry in Norway.
Performance of the Norwegian Food industry.
The company's shares are up 3.7% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Ice Fish Farm.
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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:KLDVK
High growth potential with adequate balance sheet.
