Harvia Oyj Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Harvia Oyj (HEL:HARVIA) Second Quarter 2024 Results
Key Financial Results
- Revenue: €43.2m (up 21% from 2Q 2023).
- Net income: €5.87m (up 11% from 2Q 2023).
- Profit margin: 14% (down from 15% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: €0.31 (up from €0.28 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Harvia Oyj Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) missed analyst estimates by 7.5%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Leisure industry in Europe.
Performance of the market in Finland.
The company's shares are up 7.5% 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 Harvia Oyj's balance sheet.
Valuation is complex, but we're here to simplify it.
Discover if Harvia Oyj might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About HLSE:HARVIA
Harvia Oyj
Manufactures and distributes traditional, steam, and infrared saunas.
Excellent balance sheet with proven track record.