Lindab International Third Quarter 2024 Earnings: Misses Expectations

Lindab International (STO:LIAB) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr3.35b (up 3.0% from 3Q 2023).
• Net income: kr158.0m (down 34% from 3Q 2023).
• Profit margin: 4.7% (down from 7.4% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: kr2.05 (down from kr3.12 in 3Q 2023).

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

Lindab International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 32%.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Building industry in Sweden.

Performance of the Swedish Building industry.

The company's shares are down 14% 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 have a graphic representation of Lindab International's balance sheet and an in-depth analysis of the company's financial position.

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