AF Gruppen Second Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 6d ago

AF Gruppen (OB:AFG) Second Quarter 2024 Results

Key Financial Results

  • Revenue: kr7.65b (down 2.6% from 2Q 2023).
  • Net loss: kr8.00m (down by 104% from kr185.0m profit in 2Q 2023).
  • kr0.07 loss per share (down from kr1.72 profit in 2Q 2023).
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OB:AFG Earnings and Revenue Growth September 1st 2024

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

AF Gruppen Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Construction industry in Norway.

Performance of the Norwegian Construction industry.

The company's shares are down 5.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for AF Gruppen that you should be aware of.