trending Market Intelligence /marketintelligence/en/news-insights/trending/RF8vCc39ktjBGmrC5W3OQg2 content esgSubNav
In This List

Finnveden Holding Q1 profit climbs 30.3% YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Finnveden Holding Q1 profit climbs 30.3% YOY

Finnveden Holding AB said its normalized net income for the first quarter amounted to 1.21 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 1.32 kronor per share.

EPS climbed 30.3% year over year from 93 öre.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 25.5 million kronor, a gain of 30.3% from 19.6 million kronor in the year-earlier period.

The normalized profit margin rose to 3.6% from 3.4% in the year-earlier period.

Total revenue grew 22.7% year over year to 713.5 million kronor from 581.5 million kronor, and total operating expenses increased 23.6% year over year to 678.3 million kronor from 548.6 million kronor.

Reported net income rose 32.8% year over year to 30.4 million kronor, or 1.44 kronor per share, from 22.9 million kronor, or 1.09 kronor per share.

As of April 29, US$1 was equivalent to 8.32 Swedish kronor.