Selvaag Bolig Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Selvaag Bolig (OB:SBO) Full Year 2024 Results

Key Financial Results

• Revenue: kr1.97b (down 39% from FY 2023).
• Net income: kr177.0m (down 28% from FY 2023).
• Profit margin: 9.0% (up from 7.5% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: kr1.90 (down from kr2.62 in FY 2023).

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

Selvaag Bolig Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 78%. Earnings per share (EPS) missed analyst estimates by 10.0%.

Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Real Estate industry in Norway.

Performance of the Norwegian Real Estate industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Selvaag Bolig (of which 1 doesn't sit too well with us!) 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.