TagMaster Full Year 2024 Earnings: Beats Expectations

TagMaster (STO:TAGM B) Full Year 2024 Results

Key Financial Results

• Revenue: kr423.7m (up 4.7% from FY 2023).
• Net income: kr4.66m (down 66% from FY 2023).
• Profit margin: 1.1% (down from 3.4% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: kr0.32 (down from kr0.93 in FY 2023).

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

TagMaster Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 9.5%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Communications industry in Sweden.

Performance of the Swedish Communications industry.

The company's shares are up 20% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for TagMaster (1 doesn't sit too well with us!) that you need to take into consideration.

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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.