QleanAir Full Year 2024 Earnings: EPS Misses Expectations

QleanAir (STO:QAIR) Full Year 2024 Results

Key Financial Results

• Revenue: kr450.4m (down 11% from FY 2023).
• Net loss: kr1.43m (down by 103% from kr43.4m profit in FY 2023).
• kr0.096 loss per share (down from kr2.92 profit in FY 2023).

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

QleanAir EPS Misses Expectations

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

The primary driver behind last 12 months revenue was the EMEA segment contributing a total revenue of kr218.4m (48% of total revenue). The largest operating expense was General & Administrative costs, amounting to kr247.9m (84% of total expenses). Explore how QAIR's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Commercial Services industry in Sweden.

Performance of the Swedish Commercial Services industry.

The company's shares are down 8.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for QleanAir you should be aware of, and 1 of them is potentially serious.

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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.