Alimak Group (STO:ALIG) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr1.74b (flat on 3Q 2023).
- Net income: kr155.0m (up 9.9% from 3Q 2023).
- Profit margin: 8.9% (up from 8.2% in 3Q 2023).
- EPS: kr1.46 (up from kr1.32 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Alimak Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Sweden.
Performance of the Swedish Machinery industry.
The company's shares are up 2.8% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Alimak Group that you should be aware of before investing here.
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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 OM:ALIG
Alimak Group
Provides vertical access solutions in Europe, Asia, Australia, South and North America, and internationally.
Good value with adequate balance sheet.
