Stock Analysis
Nimbus Group (STO:BOAT) Full Year 2023 Results
Key Financial Results
- Revenue: kr1.90b (up 8.4% from FY 2022).
- Net income: kr45.1m (down 70% from FY 2022).
- Profit margin: 2.4% (down from 8.5% in FY 2022). The decrease in margin was driven by higher expenses.
- EPS: kr2.15 (down from kr7.72 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nimbus Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 39%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 8.1% growth forecast for the Leisure industry in Europe.
Performance of the market in Sweden.
The company's shares are down 4.9% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Nimbus Group that you need to take into consideration.
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About OM:BOAT
Nimbus Group
Nimbus Group AB (Publ) designs, manufactures, and markets leisure motorboats in the Nordics, Europe, and the United States The company provides its products under the Nimbus, Alukin, Aquador, Bella, Falcon, Flipper, and Paragon Yachts brand names.
Excellent balance sheet and fair value.