Besqab Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Besqab (STO:BESQAB) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr1.04b (up 140% from 3Q 2023).
• Net income: kr48.3m (down 8.2% from 3Q 2023).
• Profit margin: 4.6% (down from 12% in 3Q 2023).
• EPS: kr0.47 (down from kr1.09 in 3Q 2023).

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

Besqab Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 37%. Earnings per share (EPS) missed analyst estimates by 10%.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Consumer Durables industry in Sweden.

Performance of the Swedish Consumer Durables industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Besqab (1 is significant!) that we have uncovered.

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