Alimak Group Third Quarter 2024 Earnings: Beats Expectations

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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