Norske Skog Full Year 2024 Earnings: Misses Expectations

Norske Skog (OB:NSKOG) Full Year 2024 Results

Key Financial Results

• Revenue: kr9.23b (down 22% from FY 2023).
• Net loss: kr661.0m (down by 237% from kr481.0m profit in FY 2023).
• kr7.79 loss per share (down from kr5.27 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 significantly.

The primary driver behind last 12 months revenue was the Publication Paper Europe segment contributing a total revenue of kr8.36b (91% of total revenue). Notably, cost of sales worth kr5.93b amounted to 64% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to kr1.70b (43% of total expenses). Explore how NSKOG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Forestry industry in Europe.

Performance of the market in Norway.

The company's shares are down 13% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Norske Skog (1 is significant!) that you should be aware of.

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