Paxman Third Quarter 2024 Earnings: Revenues Miss Expectations

Paxman (STO:PAX) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr68.2m (up 7.5% from 3Q 2023).
• Net income: kr5.00m (down 32% from 3Q 2023).
• Profit margin: 7.3% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses.

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

Paxman Revenues Disappoint

Revenue missed analyst estimates by 6.3%.

Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Medical Equipment industry in Sweden.

Performance of the Swedish Medical Equipment industry.

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

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Paxman's balance sheet health.

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