Odfjell Technology (OB:OTL) Q2 2024 results
Key Financial Results
Revenue: SEK 1.36 billion (up 7.9% from Q2 2023). Net profit: SEK 88.4 million (up 11% from Q2 2023). Margins: 6.5% (up from 6.3% in Q2 2023). Margin increase is driven by higher revenue. EPS: SEK 2.24 billion (up from SEK 2.01 in Q2 2023). OB:OTL Revenue and Revenue Growth 24 Aug 2024
All figures shown in the chart above are for the trailing twelve month (TTM) period.
Odfjell Technology's sales and profits beat expectations
Revenues beat analyst expectations by 7.8%. Earnings per share (EPS) also beat analysts' expectations by 30%.
Looking ahead, revenues are expected to grow at an average annual rate of 4.7% over the next three years, compared with growth forecasts for the Norwegian energy services industry of 11%.
Performance of the Norwegian energy services industry.
The company's shares are down 3.3% from a week ago.
Risk Analysis
We've spotted 2 warning signs for Odfjell Technology you should be aware of.
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This article by Simply Wall St is of general nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology, and our articles are not intended as financial advice. It is not a recommendation to buy or sell stocks, and does not take into account your objectives or financial situation. We aim to provide long-term analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned herein.
