Samhällsbyggnadsbolaget i Norden Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St

September 01, 2024

Samhällsbyggnadsbolaget i Norden (STO:SBB B) Second Quarter 2024 Results

Key Financial Results

Net loss: kr2.40b (loss narrowed by 70% from 2Q 2023).
kr1.46 loss per share (improved from kr4.87 loss in 2Q 2023).

earnings-and-revenue-growth — OM:SBB B Earnings and Revenue Growth September 1st 2024

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

Samhällsbyggnadsbolaget i Norden Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is expected to decline by 19% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Sweden are expected to grow by 4.0%.

Performance of the Swedish Real Estate industry.

The company's shares are up 7.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Samhällsbyggnadsbolaget i Norden (of which 2 shouldn't be ignored!) you should know about.

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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.