Arribatec Group Third Quarter 2024 Earnings: kr0.21 loss per share (vs kr0.042 loss in 3Q 2023)

Arribatec Group (OB:ARR) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr129.5m (down 1.7% from 3Q 2023).
• Net loss: kr14.9m (loss widened by 411% from 3Q 2023).
• kr0.21 loss per share (further deteriorated from kr0.042 loss in 3Q 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 12% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the IT industry in Norway.

Performance of the Norwegian IT industry.

The company's shares are down 40% 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 (2 are a bit concerning!) that you need to be mindful of.

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