New Forecasts: Here's What Analysts Think The Future Holds For Nordic Paper Holding AB (publ) (STO:NPAPER)

Celebrations may be in order for Nordic Paper Holding AB (publ) (STO:NPAPER) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The revenue forecast for this year has experienced a facelift, with analysts now much more optimistic on its sales pipeline.

After this upgrade, Nordic Paper Holding's twin analysts are now forecasting revenues of kr3.7b in 2022. This would be a solid 19% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing kr3.3b of revenue in 2022. It looks like there's been a clear increase in optimism around Nordic Paper Holding, given the substantial gain in revenue forecasts.

Check out our latest analysis for Nordic Paper Holding

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that Nordic Paper Holding's rate of growth is expected to accelerate meaningfully, with the forecast 19% annualised revenue growth to the end of 2022 noticeably faster than its historical growth of 7.4% over the past year. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue shrink 4.3% per year. So it's clear with the acceleration in growth, Nordic Paper Holding is expected to grow meaningfully faster than the wider industry.

The Bottom Line

The highlight for us was that analysts increased their revenue forecasts for Nordic Paper Holding this year. They're also forecasting for revenues to perform better than companies in the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Nordic Paper Holding.

Thirsting for more data? At least one of Nordic Paper Holding's twin analysts has provided estimates out to 2024, which can be seen for free on our platform here.

We also provide an overview of the Nordic Paper Holding Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.

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.