Norske Skog Full Year 2024 Earnings: Misses Expectations

Norske Skog (OB:NSKOG) Full Year 2024 Results

Key Financial Results

• Revenue: kr9.23b (down 6.7% from FY 2023).
• Net loss: kr661.0m (down by 224% from kr535.0m profit in FY 2023).
• kr7.80 loss per share (down from kr6.31 profit in FY 2023).

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

Norske Skog Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 196%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Forestry industry in Europe.

Performance of the market in Norway.

The company's shares are up 3.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Norske Skog (1 is a bit concerning!) that you need to take into consideration.

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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.