Norrhydro Group Oyj First Half 2024 Earnings: EPS Beats Expectations

Norrhydro Group Oyj (HEL:NORRH) First Half 2024 Results

Key Financial Results

• Revenue: €13.1m (down 28% from 1H 2023).
• Net loss: €443.0k (down by 426% from €136.0k profit in 1H 2023).
• €0.04 loss per share (down from €0.006 profit in 1H 2023).

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

Norrhydro Group Oyj EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Machinery industry in Finland.

Performance of the Finnish Machinery industry.

The company's shares are up 8.6% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Norrhydro Group Oyj you should be aware of, and 1 of them is concerning.

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