Catena (STO:CATE) Second Quarter 2024 Results
Key Financial Results
- Revenue: kr528.0m (up 10.0% from 2Q 2023).
- Net income: kr245.0m (down 40% from 2Q 2023).
- Profit margin: 46% (down from 85% in 2Q 2023).
- EPS: kr4.47 (down from kr8.20 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Catena EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Real Estate industry in Sweden.
Performance of the Swedish Real Estate industry.
The company's shares are up 2.4% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Catena (1 is potentially serious!) that you need to take into consideration.
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About OM:CATE
Catena
Owns, develops, manages, and sells logistics properties in Sweden.
Established dividend payer and fair value.