Stock Analysis

Billerud First Quarter 2024 Earnings: Beats Expectations

Simply Wall St

April 25, 2024

Billerud (STO:BILL) First Quarter 2024 Results

Key Financial Results

Revenue: kr10.4b (down 9.3% from 1Q 2023).
Net income: kr313.0m (down 51% from 1Q 2023).
Profit margin: 3.0% (down from 5.6% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: kr1.26 (down from kr2.57 in 1Q 2023).

earnings-and-revenue-growth — OM:BILL Earnings and Revenue Growth April 25th 2024

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

Billerud Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 4.7%.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Packaging industry in Europe.

Performance of the market in Sweden.

The company's shares are down 5.1% from a week ago.

Risk Analysis

Be aware that Billerud is showing 2 warning signs in our investment analysis that you should know about...

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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.