Aktia Pankki Oyj First Quarter 2024 Earnings: Beats Expectations

Aktia Pankki Oyj (HEL:AKTIA) First Quarter 2024 Results

Key Financial Results

• Revenue: €74.3m (up 5.5% from 1Q 2023).
• Net income: €27.2m (up 50% from 1Q 2023).
• Profit margin: 37% (up from 26% in 1Q 2023). The increase in margin was primarily driven by lower expenses.
• EPS: €0.38 (up from €0.25 in 1Q 2023).

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

Aktia Pankki Oyj Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Banks industry in Europe.

Performance of the market in Finland.

The company's shares are up 4.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Aktia Pankki Oyj (1 is significant!) that you should be aware of.

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