Stock Analysis
SmartCraft (OB:SMCRT) Full Year 2023 Results
Key Financial Results
- Revenue: kr401.7m (up 21% from FY 2022).
- Net income: kr107.6m (up 58% from FY 2022).
- Profit margin: 27% (up from 20% in FY 2022). The increase in margin was driven by higher revenue.
- EPS: kr0.64 (up from kr0.40 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SmartCraft EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.9%.
The primary driver behind last 12 months revenue was the Sweden segment contributing a total revenue of kr183.2m (46% of total revenue). Explore how SMCRT's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in Norway.
Performance of the Norwegian Software industry.
The company's shares are down 1.6% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with SmartCraft.
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About OB:SMCRT
SmartCraft
SmartCraft ASA provides software solutions to the construction industry in Norway, Sweden, and Finland.
Flawless balance sheet with solid track record.