Stock Analysis
Nolato (STO:NOLA B) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr2.44b (down 1.6% from 2Q 2023).
- Net income: kr169.0m (up 9.0% from 2Q 2023).
- Profit margin: 6.9% (up from 6.3% in 2Q 2023). The increase in margin was driven by lower expenses.
- EPS: kr0.63 (up from kr0.57 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nolato Revenues Disappoint
Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Industrials industry in Sweden.
Performance of the Swedish Industrials industry.
The company's shares are down 5.3% from a week ago.
Risk Analysis
Be aware that Nolato is showing 1 warning sign in our investment analysis that you should know about...
Valuation is complex, but we're helping make it simple.
Find out whether Nolato is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Valuation is complex, but we're helping make it simple.
Find out whether Nolato is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About OM:NOLA B
Nolato
Develops, manufactures, and sells plastic, silicone, and thermoplastic elastomer products for medical technology, pharmaceutical, consumer electronics, telecom, automotive, hygiene, and other industrial sectors in Sweden, Other Nordic countries, Asia, Rest of Europe, and North America, and internationally.
Excellent balance sheet with reasonable growth potential.
