Spinnova Oyj (HEL:SPINN) First Half 2024 Results
Key Financial Results
- Net loss: €9.15m (loss narrowed by 13% from 1H 2023).
- €0.17 loss per share (improved from €0.20 loss in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Spinnova Oyj Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 40%. Earnings per share (EPS) also missed analyst estimates by 12%.
Looking ahead, revenue is expected to decline by 31% p.a. on average during the next 3 years, while revenues in the Luxury industry in Europe are expected to grow by 7.5%.
Performance of the market in Finland.
The company's shares are down 3.8% from a week ago.
Risk Analysis
Be aware that Spinnova Oyj is showing 2 warning signs in our investment analysis that you should know about...
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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.
About HLSE:SPINN
Spinnova Oyj
Engages in the production and sale of natural fibre materials in Finland and internationally.
Flawless balance sheet low.
