New Wave Group Full Year 2024 Earnings: EPS Beats Expectations

New Wave Group (STO:NEWA B) Full Year 2024 Results

Key Financial Results

• Revenue: kr9.53b (flat on FY 2023).
• Net income: kr880.4m (down 21% from FY 2023).
• Profit margin: 9.2% (down from 12% in FY 2023).
• EPS: kr6.64 (down from kr8.43 in FY 2023).

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

New Wave Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%.

The primary driver behind last 12 months revenue was the Corporate segment contributing a total revenue of kr4.68b (49% of total revenue). Notably, cost of sales worth kr4.82b amounted to 51% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to kr3.18b (83% of total expenses). Explore how NEWA B's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe.

Performance of the market in Sweden.

The company's shares are up 11% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for New Wave Group that you should be aware of.

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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.