Ferronordic First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Ferronordic (STO:FNM) First Quarter 2024 Results

Key Financial Results

• Revenue: kr1.17b (up 86% from 1Q 2023).
• Net income: kr70.0m (up by kr63.0m from 1Q 2023).
• Profit margin: 6.0% (up from 1.1% in 1Q 2023). The increase in margin was driven by higher revenue.
• EPS: kr4.83 (up from kr0.48 in 1Q 2023).

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

Ferronordic EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) exceeded analyst estimates significantly.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Trade Distributors industry in Sweden.

Performance of the Swedish Trade Distributors industry.

The company's shares are up 22% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Ferronordic that you should be aware of.

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