VBG Group (STO:VBG B) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr1.27b (down 12% from 3Q 2023).
- Net income: kr112.3m (down 29% from 3Q 2023).
- Profit margin: 8.8% (down from 11% in 3Q 2023). The decrease in margin was driven by lower revenue.
- EPS: kr4.49 (down from kr6.36 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
VBG Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Sweden.
Performance of the Swedish Machinery industry.
The company's shares are down 15% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for VBG Group that you need to be mindful of.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have 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.
About OM:VBG B
VBG Group
Develops, manufactures, markets, and sells various industrial products in Sweden, Germany, rest of the Nordic countries and Europe, North America, Brazil, Australia/New Zealand, China, and internationally.
Flawless balance sheet with proven track record and pays a dividend.
