Synsam Second Quarter 2024 Earnings: EPS: kr1.14 (vs kr0.94 in 2Q 2023)

Synsam (STO:SYNSAM) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr1.74b (up 11% from 2Q 2023).
• Net income: kr168.0m (up 20% from 2Q 2023).
• Profit margin: 9.6% (in line with 2Q 2023).
• EPS: kr1.14 (up from kr0.94 in 2Q 2023).

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

Synsam Earnings Insights

Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Specialty Retail industry in Sweden.

Performance of the Swedish Specialty Retail 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 Synsam that you need to take into consideration.

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