Betolar Oyj Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Betolar Oyj (HEL:BETOLAR) Full Year 2023 Results

Key Financial Results

• Net loss: €13.2m (loss widened by 11% from FY 2022).
• €0.67 loss per share (further deteriorated from €0.61 loss in FY 2022).

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

Betolar Oyj Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 1.5%.

Looking ahead, revenue is forecast to grow 49% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Basic Materials industry in Europe.

Performance of the market in Finland.

The company's shares are down 16% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Betolar Oyj has 5 warning signs (and 2 which are a bit 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.