Afry (STO:AFRY) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr7.19b (up 4.7% from 2Q 2023).
- Net income: kr377.0m (up 88% from 2Q 2023).
- Profit margin: 5.2% (up from 2.9% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: kr3.33 (up from kr1.78 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Afry EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%.
Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Sweden.
Performance of the Swedish Professional Services industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Afry that you need to take into consideration.
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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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About OM:AFRY
Afry
Provides engineering, design, and advisory services for the infrastructure, industry, energy, and digitalization sectors in North and South America, Finland, and Central Europe.
Very undervalued with flawless balance sheet and pays a dividend.
