Niutech Group (NGM:NIUTEC) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr137.1m (up 76% from 2Q 2023).
- Net loss: kr1.86m (loss narrowed by 46% from 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Niutech Group Earnings Insights
Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electrical industry in Sweden.
Performance of the Swedish Electrical industry.
The company's shares are up 1.6% from a week ago.
Risk Analysis
Be aware that Niutech Group is showing 4 warning signs in our investment analysis and 2 of those don't sit too well with us...
Valuation is complex, but we're here to simplify it.
Discover if Niutech Group might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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 NGM:NIUTEC
Niutech Group
Engages in the installation of solar cell systems and electric car chargers in Sweden.
Undervalued with high growth potential.