Orthex Oyj Third Quarter 2024 Earnings: EPS Misses Expectations

Orthex Oyj (HEL:ORTHEX) Third Quarter 2024 Results

Key Financial Results

• Revenue: €22.8m (up 4.2% from 3Q 2023).
• Net income: €1.80m (down 24% from 3Q 2023).
• Profit margin: 7.9% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: €0.10 (down from €0.13 in 3Q 2023).

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

Orthex Oyj EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Consumer Durables industry in Finland.

Performance of the Finnish Consumer Durables industry.

The company's shares are down 4.2% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Orthex Oyj's balance sheet and an in-depth analysis of the company's financial position.

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