Stock Analysis
Arribatec Group (OB:ARR) Full Year 2023 Results
Key Financial Results
- Revenue: kr573.0m (up 14% from FY 2022).
- Net loss: kr23.1m (loss narrowed by 72% from FY 2022).
- kr0.33 loss per share (improved from kr1.27 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Arribatec Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 62%.
Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 11% growth forecast for the IT industry in Norway.
Performance of the Norwegian IT industry.
The company's shares are down 7.4% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Arribatec Group has 2 warning signs we think you should be aware of.
Valuation is complex, but we're helping make it simple.
Find out whether Arribatec Group is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About OB:ARR
Arribatec Group
A software and consulting company, provides digital business solutions in Norway, Europe, the Americas, and internationally.
Undervalued with adequate balance sheet.