Protector Forsikring Full Year 2024 Earnings: EPS Beats Expectations

Protector Forsikring (OB:PROT) Full Year 2024 Results

Key Financial Results

• Revenue: kr12.1b (up 23% from FY 2023).
• Net income: kr1.54b (up 3.0% from FY 2023).
• Profit margin: 13% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: kr18.67 (up from kr18.13 in FY 2023).

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

Protector Forsikring EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%.

The primary driver behind last 12 months revenue was the UK segment contributing a total revenue of kr4.60b (38% of total revenue). Notably, cost of sales worth kr8.48b amounted to 70% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to kr1.02b (50% of total expenses). Explore how PROT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Insurance industry in Europe.

Performance of the market in Norway.

The company's shares are up 2.3% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Protector Forsikring's balance sheet.

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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.