Stock Analysis
Spinnova Oyj (HEL:SPINN) Full Year 2023 Results
Key Financial Results
- Revenue: €10.6m (down 56% from FY 2022).
- Net loss: €19.6m (loss widened by 39% from FY 2022).
- €0.38 loss per share (further deteriorated from €0.28 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Spinnova Oyj Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 8.6%.
Looking ahead, revenue is forecast to grow 74% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Luxury industry in Europe.
Performance of the market in Finland.
The company's shares are down 15% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Spinnova Oyj you should be aware of, and 1 of them is a bit concerning.
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About HLSE:SPINN
Spinnova Oyj
Spinnova Oyj engages in the production and sale of natural fibre materials in Finland and internationally.
Flawless balance sheet with high growth potential.