Svenska Cellulosa Aktiebolaget First Quarter 2024 Earnings: EPS Beats Expectations

Svenska Cellulosa Aktiebolaget (STO:SCA B) First Quarter 2024 Results

Key Financial Results

• Revenue: kr5.64b (down 2.3% from 1Q 2023).
• Net income: kr789.0m (down 35% from 1Q 2023).
• Profit margin: 14% (down from 21% in 1Q 2023).
• EPS: kr1.12 (down from kr1.74 in 1Q 2023).

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

Svenska Cellulosa Aktiebolaget EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.3%.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe.

Performance of the market in Sweden.

The company's shares are up 3.8% from a week ago.

Risk Analysis

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

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