Momentum Group Third Quarter 2024 Earnings: Revenues In Line With Expectations

Momentum Group (STO:MMGR B) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr695.0m (up 20% from 3Q 2023).
• Net income: kr52.0m (up 24% from 3Q 2023).
• Profit margin: 7.5% (up from 7.2% in 3Q 2023). The increase in margin was driven by higher revenue.

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

Momentum Group Meets Expectations

Revenue was in line with analyst estimates.

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Trade Distributors industry in Sweden.

Performance of the Swedish Trade Distributors industry.

The company's shares are down 4.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Momentum Group has 1 warning sign we think you should be aware of.

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