Robit Oyj First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Robit Oyj (HEL:ROBIT) First Quarter 2024 Results

Key Financial Results

• Revenue: €23.2m (up 5.7% from 1Q 2023).
• Net income: €471.0k (up from €1.76m loss in 1Q 2023).
• Profit margin: 2.0% (up from net loss in 1Q 2023).
• EPS: €0.02 (up from €0.083 loss in 1Q 2023).

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

Robit Oyj EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) exceeded analyst estimates by 100%.

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Finland.

Performance of the Finnish Machinery industry.

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

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Robit Oyj (at least 1 which doesn't sit too well with us), and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.