Apetit Oyj (HEL:APETIT) Full Year 2024 Results
Key Financial Results
- Revenue: €162.6m (down 7.4% from FY 2023).
- Net income: €8.50m (down 12% from FY 2023).
- Profit margin: 5.2% (down from 5.5% in FY 2023). The decrease in margin was driven by lower revenue.
- EPS: €1.37 (down from €1.55 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Apetit Oyj EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%.
The primary driver behind last 12 months revenue was the Oilseed Products segment contributing a total revenue of €87.4m (54% of total revenue). Notably, cost of sales worth €104.9m amounted to 65% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €21.3m (43% of total expenses). Explore how APETIT's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Food industry in Finland.
Performance of the Finnish Food industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - Apetit Oyj has 3 warning signs (and 1 which is concerning) we think 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.
About HLSE:APETIT
Apetit Oyj
Manufactures and sells plant-based food products in Finland, Norway, Sweden, and internationally.
Flawless balance sheet and undervalued.
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