YIT Oyj Second Quarter 2024 Earnings: Misses Expectations

YIT Oyj (HEL:YIT) Second Quarter 2024 Results

Key Financial Results

• Revenue: €435.0m (down 22% from 2Q 2023).
• Net loss: €51.0m (loss widened by €50.0m from 2Q 2023).
• €0.23 loss per share (further deteriorated from €0.005 loss in 2Q 2023).

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

YIT Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Durables industry in Finland.

Performance of the Finnish Consumer Durables industry.

The company's shares are down 4.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for YIT Oyj (1 is a bit unpleasant!) that we have uncovered.

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