Nivika Fastigheter Full Year 2024 Earnings: EPS Misses Expectations

Simply Wall St

October 28, 2024

Nivika Fastigheter (STO:NIVI B) Full Year 2024 Results

Key Financial Results

Revenue: kr675.7m (up 11% from FY 2023).
Net income: kr132.2m (up from kr282.6m loss in FY 2023).
Profit margin: 20% (up from net loss in FY 2023).
EPS: kr1.46 (up from kr4.39 loss in FY 2023).

revenue-and-expenses-breakdown — OM:NIVI B Revenue and Expenses Breakdown October 28th 2024

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

Nivika Fastigheter EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 33%.

In the last 12 months, the only revenue segment was Real Estate - Rental contributing kr675.7m. The most substantial expense, totaling kr296.4m 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 NIVI B's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Real Estate industry in Sweden.

Performance of the Swedish Real Estate industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Nivika Fastigheter (1 can't be ignored!) that you should be aware of.

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

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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.