Hufvudstaden Full Year 2024 Earnings: EPS Beats Expectations

Hufvudstaden (STO:HUFV A) Full Year 2024 Results

Key Financial Results

• Revenue: kr3.38b (up 14% from FY 2023).
• Net income: kr364.6m (up from kr1.93b loss in FY 2023).
• Profit margin: 11% (up from net loss in FY 2023).
• EPS: kr1.80 (up from kr9.53 loss in FY 2023).

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

Hufvudstaden EPS Beats Expectations

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

The primary driver behind last 12 months revenue was the Property Management - Stockholm Business Area segment contributing a total revenue of kr1.50b (44% of total revenue). Notably, cost of sales worth kr1.81b amounted to 54% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling kr1.13b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how HUFV A's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.8% growth forecast for the Real Estate industry in Sweden.

Performance of the Swedish Real Estate industry.

The company's shares are up 2.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Hufvudstaden that you need to take into consideration.

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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.