Norva24 Group Third Quarter 2024 Earnings: EPS Misses Expectations

Norva24 Group (STO:NORVA) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr934.8m (up 18% from 3Q 2023).
• Net income: kr49.0m (down 30% from 3Q 2023).
• Profit margin: 5.2% (down from 8.9% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: kr0.27 (down from kr0.39 in 3Q 2023).

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

Norva24 Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 40%.

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Commercial Services industry in Sweden.

Performance of the Swedish Commercial Services industry.

The company's shares are down 6.9% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Norva24 Group's balance sheet.

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