Metsä Board Oyj Second Quarter 2024 Earnings: EPS Misses Expectations

Metsä Board Oyj (HEL:METSB) Second Quarter 2024 Results

Key Financial Results

• Revenue: €509.8m (up 2.3% from 2Q 2023).
• Net loss: €9.10m (down by 146% from €19.8m profit in 2Q 2023).
• €0.03 loss per share (down from €0.06 profit in 2Q 2023).

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

Metsä Board Oyj EPS Misses Expectations

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

Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Packaging industry in Europe.

Performance of the market in Finland.

The company's shares are down 13% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Metsä Board Oyj (1 is a bit unpleasant!) that we have uncovered.

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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.

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