Cavotec Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Cavotec (STO:CCC) Third Quarter 2024 Results

Key Financial Results

• Revenue: €44.5m (up 6.1% from 3Q 2023).
• Net income: €1.03m (up by €921.0k from 3Q 2023).
• Profit margin: 2.3% (up from 0.2% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: €0.01 (up from €0.001 in 3Q 2023).

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

Cavotec Earnings Insights

Looking ahead, revenue is forecast to grow 5.5% 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 down 5.2% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Cavotec's balance sheet.

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