Nimbus Group Second Quarter 2024 Earnings: EPS: kr1.43 (vs kr2.87 in 2Q 2023)
Nimbus Group (STO:BOAT) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr623.4m (down 18% from 2Q 2023).
- Net income: kr30.4m (down 50% from 2Q 2023).
- Profit margin: 4.9% (down from 8.1% in 2Q 2023). The decrease in margin was driven by lower revenue.
- EPS: kr1.43 (down from kr2.87 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nimbus Group Earnings Insights
Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Leisure industry in Europe.
Performance of the market in Sweden.
The company's shares are up 3.3% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Nimbus Group has 2 warning signs we think you should be aware of.
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About OM:BOAT
Nimbus Group
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 with reasonable growth potential.