Cargotec Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Cargotec (HEL:CGCBV) Full Year 2024 Results

Key Financial Results

• Revenue: €1.65b (down 64% from FY 2023).
• Net income: €154.2m (down 56% from FY 2023).
• Profit margin: 9.4% (up from 7.6% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: €2.40 (down from €5.38 in FY 2023).

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

Cargotec EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) exceeded analyst estimates significantly.

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Finland.

Performance of the Finnish Machinery industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Cargotec's balance sheet health.

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