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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.