Fagerhult Group Third Quarter 2024 Earnings: Misses Expectations

Fagerhult Group (STO:FAG) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr1.92b (down 7.7% from 3Q 2023).
• Net income: kr54.0m (down 66% from 3Q 2023).
• Profit margin: 2.8% (down from 7.6% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: kr0.31 (down from kr0.90 in 3Q 2023).

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

Fagerhult Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) also missed analyst estimates by 38%.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electrical industry in Sweden.

Performance of the Swedish Electrical industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Fagerhult Group you should know about.

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