Prevas Full Year 2024 Earnings: Misses Expectations

Prevas (STO:PREV B) Full Year 2024 Results

Key Financial Results

• Revenue: kr1.59b (up 7.0% from FY 2023).
• Net income: kr91.4m (down 23% from FY 2023).
• Profit margin: 5.8% (down from 8.0% in FY 2023).
• EPS: kr7.13 (down from kr9.28 in FY 2023).

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

Prevas Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 2.9%.

The primary driver behind last 12 months revenue was the Sweden segment contributing a total revenue of kr1.28b (81% of total revenue). Notably, cost of sales worth kr949.0m amounted to 60% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to kr463.6m (85% of total expenses). Explore how PREV B's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the IT industry in Sweden.

Performance of the Swedish IT industry.

The company's shares are up 2.4% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Prevas.

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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.