Nexam Chemical Holding Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Nexam Chemical Holding (STO:NEXAM) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr53.9m (up 30% from 2Q 2023).
• Net loss: kr1.35m (loss narrowed by 89% from 2Q 2023).
• kr0.017 loss per share (improved from kr0.15 loss in 2Q 2023).

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

Nexam Chemical Holding Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Chemicals industry in Sweden.

Performance of the Swedish Chemicals industry.

The company's shares are up 15% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Nexam Chemical Holding that you should be aware of.

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