Kreate Group Oyj Second Quarter 2024 Earnings: Misses Expectations

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

Key Financial Results

• Revenue: €68.0m (down 21% from 2Q 2023).
• Net income: €1.40m (down 6.7% from 2Q 2023).
• Profit margin: 2.1% (up from 1.8% in 2Q 2023).
• EPS: €0.16 (down from €0.17 in 2Q 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 7.5%. Earnings per share (EPS) also missed analyst estimates by 5.9%.

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.1% 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

It is worth noting though that we have found 4 warning signs for Kreate Group Oyj that you need to take into consideration.

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