Stock Analysis
Arribatec Group Second Quarter 2024 Earnings: kr0.15 loss per share (vs kr0.055 loss in 2Q 2023)
Arribatec Group (OB:ARR) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr150.1m (up 1.3% from 2Q 2023).
- Net loss: kr10.6m (loss widened by 177% from 2Q 2023).
- kr0.15 loss per share (further deteriorated from kr0.055 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Arribatec Group Earnings Insights
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the IT industry in Norway.
Performance of the Norwegian IT industry.
The company's shares are down 14% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 3 warning signs for Arribatec Group that you need to be mindful of.
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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.
About OB:ARR
Arribatec Group
A software and consulting company, provides digital business solutions in Norway, Europe, the Americas, and internationally.