Huhtamäki Oyj Third Quarter 2024 Earnings: EPS Misses Expectations

Huhtamäki Oyj (HEL:HUH1V) Third Quarter 2024 Results

Key Financial Results

• Revenue: €1.03b (down 1.1% from 3Q 2023).
• Net income: €59.2m (up 34% from 3Q 2023).
• Profit margin: 5.8% (up from 4.3% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: €0.57 (up from €0.42 in 3Q 2023).

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

Huhtamäki Oyj EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.7%.

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Packaging industry in Europe.

Performance of the market in Finland.

The company's shares are up 6.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Huhtamäki Oyj has 1 warning sign we think you should be aware of.

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