trending Market Intelligence /marketintelligence/en/news-insights/trending/3rOJDoymR_cjNddyAwdhOA2 content esgSubNav
In This List

Bonava profit beats consensusin Q3

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Bonava profit beats consensusin Q3

Bonava AB said its third-quarter normalized net income came to 1.08 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 39 öre per share.

EPS increased 97.7% year over year from 55 öre.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 116.9 million kronor, an increase of 97.7% from 59.1 million kronor in the prior-year period.

The normalized profit margin climbed to 5.0% from 2.8% in the year-earlier period.

Total revenue climbed 9.4% on an annual basis to 2.33 billion kronor from 2.13 billion kronor, and total operating expenses climbed 6.3% from the prior-year period to 2.07 billion kronor from 1.95 billion kronor.

Reported net income rose 64.5% from the prior-year period to 125.0 million kronor, or 1.15 kronor per share, from 76.0 million kronor, or 70 öre per share.

As of Nov. 8, US$1 was equivalent to 9.01 Swedish kronor.