NoHo Partners Oyj Third Quarter 2024 Earnings: Misses Expectations

NoHo Partners Oyj (HEL:NOHO) Third Quarter 2024 Results

Key Financial Results

• Revenue: €108.1m (up 13% from 3Q 2023).
• Net income: €2.90m (up from €600.0k loss in 3Q 2023).
• Profit margin: 2.7% (up from net loss in 3Q 2023).
• EPS: €0.14 (up from €0.03 loss in 3Q 2023).

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

NoHo Partners Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Hospitality industry in Europe.

Performance of the market in Finland.

The company's shares are up 1.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for NoHo Partners Oyj (1 doesn't sit too well with us!) that you need to take into consideration.

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