Scandinavian Enviro Systems Second Quarter 2024 Earnings: Beats Expectations

Simply Wall St

August 26, 2024

Scandinavian Enviro Systems (STO:SES) Second Quarter 2024 Results

Key Financial Results

Revenue: kr58.5m (up by kr54.9m from 2Q 2023).
Net income: kr30.5m (up from kr25.3m loss in 2Q 2023).
Profit margin: 52% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue.
EPS: kr0.038 (up from kr0.034 loss in 2Q 2023).

earnings-and-revenue-growth — OM:SES Earnings and Revenue Growth August 26th 2024

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

Scandinavian Enviro Systems Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 16%.

Looking ahead, revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Sweden are expected to grow by 4.7%.

Performance of the Swedish Commercial Services industry.

The company's shares are up 1.4% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Scandinavian Enviro Systems that we have uncovered.

New: Manage All Your Stock Portfolios in One Place

We've created the ultimate portfolio companion for stock investors, and it's free.

• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks

Try a Demo Portfolio for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.