Samhällsbyggnadsbolaget i Norden Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 09/01 07:45

Samhällsbyggnadsbolaget i Norden (STO:SBB B) Second Quarter 2024 Results

Key Financial Results

  • Net loss: kr2.40b (loss narrowed by 70% from 2Q 2023).
  • kr1.46 loss per share (improved from kr4.87 loss in 2Q 2023).
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OM:SBB B Earnings and Revenue Growth September 1st 2024

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

Samhällsbyggnadsbolaget i Norden Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is expected to decline by 19% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Sweden are expected to grow by 4.0%.

Performance of the Swedish Real Estate industry.

The company's shares are up 7.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Samhällsbyggnadsbolaget i Norden (of which 2 shouldn't be ignored!) you should know about.