Ogunsen (STO:OGUN B) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr118.9m (down 7.0% from 2Q 2023).
- Net income: kr3.90m (down 46% from 2Q 2023).
- Profit margin: 3.3% (down from 5.6% in 2Q 2023). The decrease in margin was driven by lower revenue.
- EPS: kr0.36 (down from kr0.67 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ogunsen Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 53%.
Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 6.0% 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 3 warning signs for Ogunsen (1 is concerning!) 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.
About OM:OGUN B
Ogunsen
Offers recruitment and consultancy services for specialists and managers in economics, finance, and other related sectors in Sweden.
Flawless balance sheet and undervalued.