Norva24 Group Future Growth

Future criteria checks 2/6

Norva24 Group is forecast to grow earnings and revenue by 9.3% and 6.3% per annum respectively. EPS is expected to grow by 9.3% per annum. Return on equity is forecast to be 11.4% in 3 years.

Key information

9.3%

Earnings growth rate

9.3%

EPS growth rate

Commercial Services earnings growth	27.4%
Revenue growth rate	6.3%
Future return on equity	11.4%
Analyst coverage	Low
Last updated	06 Mar 2024

Recent future growth updates

Norva24 Group AB (Publ) Just Missed Earnings - But Analysts Have Updated Their Models

Jun 03

Recent updates

Here's Why Norva24 Group (STO:NORVA) Can Manage Its Debt Responsibly

Jan 17

Subdued Growth No Barrier To Norva24 Group AB (Publ) (STO:NORVA) With Shares Advancing 27%

Jun 14

Norva24 Group AB (Publ) Just Missed Earnings - But Analysts Have Updated Their Models

Jun 03

We Think You Can Look Beyond Norva24 Group's (STO:NORVA) Lackluster Earnings

Mar 08

Earnings and Revenue Growth Forecasts

OM:NORVA - Analysts future estimates and past financials data (NOK Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	3,824	296	436	575	3
12/31/2025	3,622	245	386	508	4
12/31/2024	3,430	205	342	489	4
12/31/2023	3,152	227	387	554	N/A
9/30/2023	3,016	173	298	453	N/A
6/30/2023	2,836	153	328	454	N/A
3/31/2023	2,645	154	247	354	N/A
12/31/2022	2,466	140	259	343	N/A
9/30/2022	2,336	146	271	340	N/A
6/30/2022	2,265	116	231	315	N/A
3/31/2022	2,143	78	258	330	N/A
12/31/2021	2,025	55	267	337	N/A
12/31/2020	1,523	74	292	354	N/A
12/31/2018	1,004	-27	80	140	N/A
12/31/2017	902	-32	-97	97	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NORVA's forecast earnings growth (9.3% per year) is above the savings rate (1%).

Earnings vs Market: NORVA's earnings (9.3% per year) are forecast to grow slower than the Swedish market (13.6% per year).

High Growth Earnings: NORVA's earnings are forecast to grow, but not significantly.

Revenue vs Market: NORVA's revenue (6.3% per year) is forecast to grow faster than the Swedish market (1.7% per year).

High Growth Revenue: NORVA's revenue (6.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NORVA's Return on Equity is forecast to be low in 3 years time (11.4%).

Norva24 Group Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target decreased by 12% to kr30.50

Price target decreased by 7.8% to kr35.25

Norva24 Group AB (Publ) Just Missed Earnings - But Analysts Have Updated Their Models

Recent updates

Full year 2023 earnings: EPS exceeds analyst expectations

Chief Executive Officer of Norway recently sold kr3.8m worth of stock

Full year 2023 earnings: EPS exceeds analyst expectations

Norva24 Group AB (Publ) to Report Fiscal Year 2023 Results on Apr 22, 2024

Insufficient new directors

Norva24 Group AB Announces Chief Financial Officer Changes

Here's Why Norva24 Group (STO:NORVA) Can Manage Its Debt Responsibly

Norva24 Group AB (Publ) Announces Nomination Committee

Chief Corporate Development Officer recently bought kr111k worth of stock

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 20%

Norva24 Group AB (Publ) to Report Fiscal Year 2024 Results on Feb 19, 2025

Key Executive recently bought kr94k worth of stock

Second quarter 2023 earnings: EPS misses analyst expectations

Price target decreased by 12% to kr30.50

Chief Executive Officer of Denmark recently bought kr71k worth of stock

Chief Executive Officer of Germany recently bought kr80k worth of stock

Norva24 Group AB (Publ) Announces Executive Changes

Chief Executive Officer of Norway recently bought kr81k worth of stock

Independent Director recently bought kr100k worth of stock

Norva24 Group AB (Publ) Approves the Election of Pontus Boman as New Member of the Board of Directors

Price target decreased by 7.8% to kr35.25

Full year 2022 earnings: EPS misses analyst expectations

Full year 2022 earnings released: EPS: kr0.76 (vs kr0.85 in FY 2021)

Norva24 Group AB (Publ) Announces Henrik Damgaard Decides to Step Down as CEO

Norva24 Group AB (Publ) (OM:NORVA) acquired Septik Tank Co As and Nrc Gravco As from NRC Group ASA (OB:NRC).

Norva24 Group AB (Publ) (OM:NORVA) agreed to acquire Septik Tank Co As/Nrc Gravco As from NRC Group ASA (OB:NRC).

Third quarter 2022 earnings: EPS misses analyst expectations

Norva24 Group AB (Publ) to Report Q1, 2023 Results on May 23, 2023

Norva24 Group AB (Publ), Annual General Meeting, May 25, 2023

Norva24 Group AB (Publ) (OM:NORVA) acquired CKS Express Baumanagement GmbH and CKS Rohr Express e.K.

Norva24 Group AB (Publ) (OM:NORVA) agreed to acquire Jutzy Haustechnik & Service GmbH

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Norva24 Group AB (Publ) Appointis Dean Zuzic as Group Chief Financial Officer

Subdued Growth No Barrier To Norva24 Group AB (Publ) (STO:NORVA) With Shares Advancing 27%

Norva24 Group AB (Publ) Just Missed Earnings - But Analysts Have Updated Their Models

Norva24 Group AB (Publ) to Report Nine Months, 2022 Results on Nov 23, 2022

Norva24 Group AB (Publ) to Report First Half, 2022 Results on Aug 24, 2022

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improved over the past week

We Think You Can Look Beyond Norva24 Group's (STO:NORVA) Lackluster Earnings

Norva24 Group AB (Publ) (OM:NORVA) signed an agreement to acquire Rohr-Frei-Schnelldienst Axel Zimmerbeutel GmbH.

Norva24 Group AB (Publ) to Report Fiscal Year 2021 Results on Feb 28, 2022

Independent Director recently sold kr5.7m worth of stock

Norva24 Group Ab (Publ) has completed an IPO in the amount of SEK 2.313261 billion.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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