Ponsse Oyj Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Ponsse Oyj (HEL:PON1V) Second Quarter 2024 Results

Key Financial Results

• Revenue: €189.7m (down 8.8% from 2Q 2023).
• Net loss: €8.28m (down by 207% from €7.73m profit in 2Q 2023).
• €0.30 loss per share (down from €0.28 profit in 2Q 2023).

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

Ponsse Oyj Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 7.3% 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 5.4% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Ponsse Oyj's balance sheet.

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