Holmen Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Holmen (STO:HOLM B) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr5.63b (up 3.9% from 3Q 2023).
• Net income: kr816.0m (down 9.1% from 3Q 2023).
• Profit margin: 14% (down from 17% in 3Q 2023).
• EPS: kr5.10 (down from kr5.60 in 3Q 2023).

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

Holmen EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 3.7%.

Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Forestry industry in Europe.

Performance of the market in Sweden.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Holmen is showing 3 warning signs in our investment analysis that you should know about...

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