Stock Analysis
Vestum (STO:VESTUM) First Quarter 2024 Results
Key Financial Results
- Revenue: kr1.24b (down 11% from 1Q 2023).
- Net loss: kr35.0m (down by 450% from kr10.0m profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vestum Earnings Insights
Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Construction industry in Sweden.
Performance of the Swedish Construction industry.
The company's shares are up 10% 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 this 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.
About OM:VESTUM
Vestum
Engages in the infrastructure, water, and service businesses in Sweden and internationally.
