Nexam Chemical Holding Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

October 19, 2024

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

Key Financial Results

Revenue: kr44.1m (down 3.8% from 3Q 2023).
Net loss: kr2.75m (loss narrowed by 27% from 3Q 2023).
kr0.034 loss per share (improved from kr0.047 loss in 3Q 2023).

earnings-and-revenue-growth — OM:NEXAM Earnings and Revenue Growth October 19th 2024

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

Nexam Chemical Holding Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 12%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in Sweden.

Performance of the Swedish Chemicals industry.

The company's shares are up 2.8% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Nexam Chemical Holding that you should be aware of before investing here.

Valuation is complex, but we're here to simplify it.

Discover if Nexam Chemical Holding might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

Access Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.