Måsøval Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Måsøval (OB:MAS) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr934.0m (up 17% from 2Q 2023).
• Net income: kr101.6m (up from kr126.9m loss in 2Q 2023).
• Profit margin: 11% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue.
• EPS: kr1.46 (up from kr1.24 loss in 2Q 2023).

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

Måsøval Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) missed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Food industry in Norway.

Performance of the Norwegian Food industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Måsøval that you should be aware of.

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