Exel Composites Oyj Second Quarter 2024 Earnings: EPS: €0.02 (vs €0.075 loss in 2Q 2023)

Exel Composites Oyj (HEL:EXL1V) Second Quarter 2024 Results

Key Financial Results

• Revenue: €26.6m (up 4.7% from 2Q 2023).
• Net income: €669.0k (up from €893.0k loss in 2Q 2023).
• Profit margin: 2.5% (up from net loss in 2Q 2023).
• EPS: €0.02 (up from €0.075 loss in 2Q 2023).

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

Exel Composites Oyj Earnings Insights

Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Finland.

Performance of the Finnish Machinery industry.

The company's shares are up 21% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Exel Composites Oyj (2 are concerning!) that you need to be mindful of.

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