Cloetta Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line
Cloetta (STO:CLA B) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr2.20b (up 2.2% from 3Q 2023).
- Net income: kr130.0m (down 19% from 3Q 2023).
- Profit margin: 5.9% (down from 7.5% in 3Q 2023). The decrease in margin was driven by higher expenses.
- EPS: kr0.45 (down from kr0.56 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cloetta Earnings Insights
Looking ahead, revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Food industry in Sweden.
Performance of the Swedish Food industry.
The company's shares are up 3.6% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Cloetta has 1 warning sign we think 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.
About OM:CLA B
Excellent balance sheet with acceptable track record.
