Anora Group Oyj First Quarter 2024 Earnings: Misses Expectations

Anora Group Oyj (HEL:ANORA) First Quarter 2024 Results

Key Financial Results

• Revenue: €149.2m (down 6.5% from 1Q 2023).
• Net loss: €2.30m (loss narrowed by 59% from 1Q 2023).
• €0.03 loss per share (improved from €0.083 loss in 1Q 2023).

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

Anora Group Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 200%.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Beverage industry in Europe.

Performance of the market in Finland.

The company's shares are down 5.6% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Anora Group Oyj that we have uncovered.

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