Ogunsen Third Quarter 2023 Earnings: Revenues Miss Expectations

Ogunsen (STO:OGUN B) Third Quarter 2023 Results

Key Financial Results

• Revenue: kr110.6m (down 5.7% from 3Q 2022).
• Net income: kr7.00m (down 43% from 3Q 2022).
• Profit margin: 6.3% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue.

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

Ogunsen Revenues Disappoint

Revenue missed analyst estimates by 6.7%.

Looking ahead, revenue is forecast to grow 1.9% 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

Be aware that Ogunsen is showing 2 warning signs in our investment analysis and 1 of those is a bit unpleasant...

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