Volue (OB:VOLUE) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr409.2m (up 2.5% from 2Q 2023).
- Net income: kr21.9m (down 35% from 2Q 2023).
- Profit margin: 5.4% (down from 8.4% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: kr0.15 (down from kr0.23 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Volue Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 36%.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Norway.
Performance of the Norwegian Software industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Volue (1 shouldn't be ignored) you should be aware 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:VOLUE
Volue
Engages in the provision of software and technology solutions for the energy, power grid, and infrastructure markets worldwide.
Reasonable growth potential with adequate balance sheet.
