Stock Analysis
AAK AB (publ.) Second Quarter 2024 Earnings: EPS Misses Expectations
AAK AB (publ.) (STO:AAK) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr11.0b (down 1.7% from 2Q 2023).
- Net income: kr808.0m (up 32% from 2Q 2023).
- Profit margin: 7.3% (up from 5.5% in 2Q 2023). The increase in margin was driven by lower expenses.
- EPS: kr3.11 (up from kr2.37 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AAK AB (publ.) EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.4%.
Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Food industry in Sweden.
Performance of the Swedish Food industry.
The company's shares are down 3.4% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on AAK AB (publ.)'s balance sheet.
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About OM:AAK
AAK AB (publ.)
Develops and sells plant-based oils and fats in Sweden and internationally.