Relais Group Oyj Third Quarter 2024 Earnings: Misses Expectations

Relais Group Oyj (HEL:RELAIS) Third Quarter 2024 Results

Key Financial Results

• Revenue: €75.4m (up 7.4% from 3Q 2023).
• Net income: €4.64m (up 6.8% from 3Q 2023).
• Profit margin: 6.2% (in line with 3Q 2023).
• EPS: €0.26 (up from €0.24 in 3Q 2023).

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

Relais Group Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Europe.

Performance of the market in Finland.

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

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Relais Group Oyj that you should be aware of.

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