Stock Analysis

Evli Oyj Third Quarter 2024 Earnings: Revenues Miss Expectations

HLSE:EVLI
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Evli Oyj (HEL:EVLI) Third Quarter 2024 Results

Key Financial Results

  • Revenue: €26.8m (down 2.2% from 3Q 2023).
  • Net income: €7.50m (down 1.3% from 3Q 2023).
  • Profit margin: 28% (in line with 3Q 2023).
earnings-and-revenue-growth
HLSE:EVLI Earnings and Revenue Growth October 28th 2024

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

Evli Oyj Revenues Disappoint

Revenue missed analyst estimates by 6.8%.

Looking ahead, revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Finland are expected to grow by 3.7%.

Performance of the Finnish Capital Markets industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

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

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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.