Björn Borg Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Björn Borg (STO:BORG) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr289.8m (up 11% from 3Q 2023).
• Net income: kr35.0m (up 9.1% from 3Q 2023).
• Profit margin: 12% (in line with 3Q 2023).
• EPS: kr1.39 (up from kr1.27 in 3Q 2023).

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

Björn Borg EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) exceeded analyst estimates by 3.7%.

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Luxury industry in Europe.

Performance of the market in Sweden.

The company's shares are down 7.6% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Björn Borg that we have uncovered.

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