Anora Group Oyj Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 09, 2024

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

Key Financial Results

Revenue: €164.5m (down 5.5% from 3Q 2023).
Net income: €3.20m (down 77% from 3Q 2023).
Profit margin: 1.9% (down from 8.0% in 3Q 2023).
EPS: €0.05 (down from €0.21 in 3Q 2023).

earnings-and-revenue-growth — HLSE:ANORA Earnings and Revenue Growth November 9th 2024

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 3.2%. Earnings per share (EPS) also missed analyst estimates by 38%.

Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Beverage industry in Europe.

Performance of the market in Finland.

The company's shares are down 11% from a week ago.

Risk Analysis

Be aware that Anora Group Oyj is showing 1 warning sign in our investment analysis that you should know about...

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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.