Salmon Evolution (OB:SALME) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr51.3m (up 224% from 3Q 2023).
- Net loss: kr25.6m (loss narrowed by 30% from 3Q 2023).
- kr0.06 loss per share (improved from kr0.09 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Salmon Evolution Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 35%.
Looking ahead, revenue is forecast to grow 44% 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 1.2% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Salmon Evolution has 2 warning signs (and 1 which is concerning) we think you should know about.
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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:SALME
Salmon Evolution
Operates as a land-based salmon farming company in Norway and internationally.
High growth potential with adequate balance sheet.
