Wärtsilä Oyj Abp Third Quarter 2024 Earnings: EPS Beats Expectations

Wärtsilä Oyj Abp (HEL:WRT1V) Third Quarter 2024 Results

Key Financial Results

• Revenue: €1.74b (up 20% from 3Q 2023).
• Net income: €143.0m (up 77% from 3Q 2023).
• Profit margin: 8.2% (up from 5.6% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: €0.24 (up from €0.14 in 3Q 2023).

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

Wärtsilä Oyj Abp EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Finland.

Performance of the Finnish Machinery industry.

The company's shares are down 11% from a week ago.

Risk Analysis

Be aware that Wärtsilä Oyj Abp is showing 1 warning sign in our investment analysis that you should know about...

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