Elmera Group Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Elmera Group (OB:ELMRA) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr2.11b (down 40% from 2Q 2023).
• Net income: kr37.1m (up 292% from 2Q 2023).
• Profit margin: 1.8% (up from 0.3% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: kr0.34 (up from kr0.087 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Elmera Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 43%.

Looking ahead, revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.2%.

Performance of the market in Norway.

The company's shares are up 1.3% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Elmera Group you should know about.

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