Stock Analysis
- Finland
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- Consumer Durables
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- HLSE:PURMO
Purmo Group Oyj Second Quarter 2024 Earnings: Misses Expectations
Purmo Group Oyj (HEL:PURMO) Second Quarter 2024 Results
Key Financial Results
- Revenue: €171.5m (down 4.9% from 2Q 2023).
- Net loss: €800.0k (down by 128% from €2.90m profit in 2Q 2023).
- €0.019 loss per share (down from €0.068 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Purmo Group Oyj Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Durables industry in Finland.
Performance of the Finnish Consumer Durables industry.
The company's shares are up 8.5% 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 Purmo Group Oyj (at least 1 which is significant), and understanding these 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.
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About HLSE:PURMO
Purmo Group Oyj
Provides indoor climate comfort solutions worldwide.