Vestum Full Year 2024 Earnings: Misses Expectations

Vestum (STO:VESTUM) Full Year 2024 Results

Key Financial Results

• Revenue: kr4.25b (down 26% from FY 2023).
• Net loss: kr53.0m (down by 152% from kr102.0m profit in FY 2023).
• kr0.14 loss per share (down from kr0.27 profit in FY 2023).

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

Vestum Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 66%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Construction industry in Sweden.

Performance of the Swedish Construction industry.

The company's shares are down 4.8% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Vestum, and understanding it should be part of your investment process.

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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.