Stock Analysis

Nolato Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

OM:NOLA B
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Nolato (STO:NOLA B) Third Quarter 2024 Results

Key Financial Results

  • Revenue: kr2.40b (up 2.6% from 3Q 2023).
  • Net income: kr164.0m (up 138% from 3Q 2023).
  • Profit margin: 6.8% (up from 2.9% in 3Q 2023). The increase in margin was primarily driven by higher revenue.
  • EPS: kr0.61 (up from kr0.26 in 3Q 2023).
earnings-and-revenue-growth
OM:NOLA B Earnings and Revenue Growth October 26th 2024

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

Nolato Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Industrials industry in Sweden.

Performance of the Swedish Industrials industry.

The company's shares are up 5.9% from a week ago.

Risk Analysis

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

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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.

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 proven track record and pays a dividend.