Kreate Group Oyj First Quarter 2024 Earnings: Misses Expectations

Kreate Group Oyj (HEL:KREATE) First Quarter 2024 Results

Key Financial Results

• Revenue: €54.6m (down 17% from 1Q 2023).
• Net loss: €600.0k (loss narrowed by 14% from 1Q 2023).
• €0.06 loss per share (improved from €0.079 loss in 1Q 2023).

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

Kreate Group Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 7.4% growth forecast for the Construction industry in Finland.

Performance of the Finnish Construction industry.

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

Risk Analysis

Be aware that Kreate Group Oyj is showing 4 warning signs in our investment analysis that you should know about...

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