Hemnet Group AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
July 18, 2024 at 07:00 am
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Hemnet Group AB (publ) reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was SEK 405 million compared to SEK 267.6 million a year ago. Revenue was SEK 405.6 million compared to SEK 268.4 million a year ago. Net income was SEK 148.7 million compared to SEK 91.9 million a year ago. Basic earnings per share from continuing operations was SEK 1.55 compared to SEK 0.94 a year ago. Diluted earnings per share from continuing operations was SEK 1.54 compared to SEK 0.94 a year ago.
For the six months, sales was SEK 658.4 million compared to SEK 457.7 million a year ago. Revenue was SEK 659.6 million compared to SEK 458.9 million a year ago. Net income was SEK 221.1 million compared to SEK 142.6 million a year ago. Basic earnings per share from continuing operations was SEK 2.3 compared to SEK 1.45 a year ago. Diluted earnings per share from continuing operations was SEK 2.29 compared to SEK 1.45 a year ago.
Hemnet Group AB (publ) is a Sweden-based company, that operates property platform in Sweden. The Companyâs business model is based on platforms, applications, and Internet Websites. By offering a combination of products, insights and inspiration, Hemnet develops lasting relationships with buyers, sellers and real estate agents. Hemnet Groupâs focus is on developing smart and intuitive tools that help visitors navigate virtually among all of Swedenâs available supply of housing for sale, while creating engagement through data, informative articles and individually tailored monitoring. The Company's network effect is based on housing sellers and real estate agents benefit from the fact that more home buyers are on Hemnet, at the same time as home buyers conversely benefit from more home sellers and real estate agents are available on the platform.
HEMNET GROUP AB 
