Stock Analysis

Toivo Group Oyj Full Year 2023 Earnings: Misses Expectations

Simply Wall St

March 16, 2024

Toivo Group Oyj (HEL:TOIVO) Full Year 2023 Results

Key Financial Results

Revenue: €43.7m (up 115% from FY 2022).
Net loss: €4.43m (down by 137% from €12.1m profit in FY 2022).
€0.08 loss per share (down from €0.22 profit in FY 2022).

revenue-and-expenses-breakdown — HLSE:TOIVO Revenue and Expenses Breakdown March 16th 2024

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

Toivo Group Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 45%.

In the last 12 months, the only revenue segment was Real Estate Operations & Development contributing €43.7m. Notably, cost of sales worth €32.6m amounted to 75% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling €11.2m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how TOIVO's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Real Estate industry in Finland.

Performance of the Finnish Real Estate industry.

The company's shares are up 3.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Toivo Group Oyj (1 is potentially serious!) that you should be aware of.

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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.