CapMan Oyj Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

CapMan Oyj (HEL:CAPMAN) Second Quarter 2024 Results

Key Financial Results

• Revenue: €18.3m (up 11% from 2Q 2023).
• Net income: €2.62m (down 22% from 2Q 2023).
• Profit margin: 14% (down from 20% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: €0.015 (down from €0.021 in 2Q 2023).

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

CapMan Oyj Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Capital Markets industry in Finland.

Performance of the Finnish Capital Markets industry.

The company's shares are down 5.8% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for CapMan Oyj (1 is potentially serious!) that you need to be mindful of.

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