Volati Second Quarter 2024 Earnings: EPS: kr1.42 (vs kr1.68 in 2Q 2023)

Volati (STO:VOLO) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr2.20b (down 2.5% from 2Q 2023).
• Net income: kr113.0m (down 15% from 2Q 2023).
• Profit margin: 5.1% (down from 5.9% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: kr1.42 (down from kr1.68 in 2Q 2023).

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

Volati Earnings Insights

Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Industrials industry in Sweden.

Performance of the Swedish Industrials industry.

The company's shares are up 12% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Volati that we have uncovered.

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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.

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