Stock Analysis

Rana Gruber Full Year 2023 Earnings: Beats Expectations

Simply Wall St

March 26, 2024

Rana Gruber (OB:RANA) Full Year 2023 Results

Key Financial Results

Revenue: kr1.93b (up 36% from FY 2022).
Net income: kr489.7m (up 1.1% from FY 2022).
Profit margin: 25% (down from 34% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: kr13.20 (up from kr13.05 in FY 2022).

RANA Production and Reserves

Iron

Production: 1.817 Mt (1.728 Mt in FY 2022)
Proved and probable reserves (ore): 94 Mt (94 Mt in FY 2022)
Number of mines: 1 (1 in FY 2022)

revenue-and-expenses-breakdown — OB:RANA Revenue and Expenses Breakdown March 26th 2024

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

Rana Gruber Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 13%.

In the last 12 months, the only revenue segment was Metals & Mining - Iron & Steel contributing kr1.93b. The largest operating expense was General & Administrative costs, amounting to kr354.5m (34% of total expenses). Explore how RANA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to decline by 3.9% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat.

Performance of the market in Norway.

The company's shares are up 6.0% from a week ago.

Risk Analysis

Be aware that Rana Gruber is showing 1 warning sign in our investment analysis that 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.