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

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).

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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