Bredband2 i Skandinavien Full Year 2024 Earnings: EPS Beats Expectations

Bredband2 i Skandinavien (STO:BRE2) Full Year 2024 Results

Key Financial Results

• Revenue: kr1.73b (up 9.4% from FY 2023).
• Net income: kr109.3m (up 28% from FY 2023).
• Profit margin: 6.3% (up from 5.4% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: kr0.11 (up from kr0.089 in FY 2023).

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

Bredband2 i Skandinavien EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.6%.

In the last 12 months, the only revenue segment was National Broadband Service contributing kr1.73b. Notably, cost of sales worth kr1.31b amounted to 76% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to kr138.4m (45% of total expenses). Explore how BRE2's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Telecom industry in Sweden.

Performance of the Swedish Telecom industry.

The company's shares are down 4.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Bredband2 i Skandinavien's balance sheet.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.