Ovaro Kiinteistösijoitus Oyj Third Quarter 2024 Earnings: €0.25 loss per share (vs €0.03 loss in 3Q 2023)

Ovaro Kiinteistösijoitus Oyj (HEL:OVARO) Third Quarter 2024 Results

Key Financial Results

• Revenue: €1.37m (down 26% from 3Q 2023).
• Net loss: €2.09m (loss widened by €1.81m from 3Q 2023).
• €0.25 loss per share (further deteriorated from €0.03 loss in 3Q 2023).

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

Ovaro Kiinteistösijoitus Oyj Earnings Insights

Looking ahead, revenue is expected to decline by 42% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Finland are expected to grow by 2.0%.

Performance of the Finnish Real Estate industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Ovaro Kiinteistösijoitus Oyj (1 is a bit concerning!) that you need to take into consideration.

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