Binero Group Reports Full Year 2024 Earnings

Binero Group (STO:BINERO) Full Year 2024 Results

Key Financial Results

• Revenue: kr417.2m (up 353% from FY 2023).
• Net income: kr12.9m (up from kr15.0m loss in FY 2023).
• Profit margin: 3.1% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.

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

Binero Group Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the IT industry in Sweden.

Performance of the Swedish IT industry.

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

Risk Analysis

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

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