Exel Composites Oyj Third Quarter 2024 Earnings: Misses Expectations

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

Key Financial Results

• Revenue: €24.6m (up 20% from 3Q 2023).
• Net loss: €1.73m (loss widened by 198% from 3Q 2023).
• €0.016 loss per share.

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

Exel Composites Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 11% 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 down 8.4% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Exel Composites Oyj (1 is significant!) that we have uncovered.

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