Thunderful Group Full Year 2023 Earnings: Misses Expectations

Thunderful Group (STO:THUNDR) Full Year 2023 Results

Key Financial Results

• Revenue: kr3.15b (flat on FY 2022).
• Net loss: kr609.4m (down from kr121.2m profit in FY 2022).
• kr8.67 loss per share (down from kr1.73 profit in FY 2022).

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

Thunderful Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is expected to decline by 3.8% p.a. on average during the next 3 years, while revenues in the Electronic industry in Sweden are expected to grow by 7.7%.

Performance of the Swedish Electronic industry.

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

Risk Analysis

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

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