In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Musti Group Oyj has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

HLSE:MUSTI - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2026	544	-7	26	51	N/A
3/31/2026	528	-4	36	59	N/A
12/31/2025	509	-4	45	67	N/A
9/30/2025	491	-1	30	51	N/A
6/30/2025	475	2	38	57	N/A
3/31/2025	458	2	25	43	N/A
12/31/2024	445	1	16	31	N/A
9/30/2024	438	4	25	39	N/A
6/30/2024	437	8	34	49	N/A
3/31/2024	437	16	60	74	N/A
12/31/2023	431	25	64	77	N/A
9/30/2023	426	26	68	80	N/A
6/30/2023	417	26	52	64	N/A
3/31/2023	409	24	44	56	N/A
12/31/2022	400	23	39	52	N/A
9/30/2022	391	22	32	46	N/A
6/30/2022	381	20	33	48	N/A
3/31/2022	368	20	29	44	N/A
12/31/2021	358	20	38	52	N/A
9/30/2021	341	21	42	55	N/A
6/30/2021	326	22	49	60	N/A
3/31/2021	312	22	42	52	N/A
12/31/2020	298	16	34	43	N/A
9/30/2020	284	12	33	42	N/A
6/30/2020	272	8	23	32	N/A
3/31/2020	262	3	N/A	40	N/A
12/31/2019	253	6	N/A	39	N/A
9/30/2019	247	3	N/A	39	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if MUSTI's forecast earnings growth is above the savings rate (2.5%).

Earnings vs Market: Insufficient data to determine if MUSTI's earnings are forecast to grow faster than the Finnish market

High Growth Earnings: Insufficient data to determine if MUSTI's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if MUSTI's revenue is forecast to grow faster than the Finnish market.

High Growth Revenue: Insufficient data to determine if MUSTI's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if MUSTI's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/08/19 03:13
End of Day Share Price	2026/08/19 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Musti Group Oyj is covered by 7 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Tommy Ilmoni	Carnegie Investment Bank AB
null null	Danske Bank
Calle Loikkanen	Danske Bank

Musti Group Oyj Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Musti Group Oyj Announces Withdraw of Earnings Guidance for the Year 2024

Musti Group Oyj Just Missed Earnings - But Analysts Have Updated Their Models

Price target increased by 25% to €24.00

Price target increased by 7.7% to €19.75

Musti Group plc Provides Earnings Guidance for the Financial Year 2024

Price target decreased by 7.2% to €18.00

Recent updates

Second quarter 2026 earnings released: €0.12 loss per share (vs €0.028 loss in 2Q 2025)

Now 21% overvalued

Musti Group plc Announces Resignation of Sami Tanner from Head of Strategy and Member of the Group Management Team

First quarter 2026 earnings released: €0.11 loss per share (vs €0.10 loss in 1Q 2025)

Musti Group plc Announces Board Committee Appointments

Less than half of directors are independent

Musti Group plc Announces to Step Down of Annamaija Hujala as Head of Group Pureplay and Group Management Team Member, Effective End of September 2026

Full year 2025 earnings released: €0.11 loss per share (vs €0.026 profit in FY 2024)

Musti Group plc Announces Resignation of Joanna Hummel from Board of Directors, Effective February 4, 2026

Third quarter 2025 earnings released: EPS: €0.01 (vs €0.09 in 3Q 2024)

Musti Group Oyj to Report Q3, 2026 Results on Nov 05, 2026

High number of new directors

Now 20% overvalued

Musti Group Plc Announces Election of Eduardo Piedade as Member of the Remuneration Committee and as A Board Member

Now 23% overvalued

Musti Group Oyj Announces Resignation of Joao Nonell Günther Amaral as Board Director, Effective August 28, 2025

Now 22% overvalued

Musti Group Oyj Announces Step Down of Erik Ringen Skjærstad as Head of Norway and New Markets and as A Member of the Management Team, Effective End of August 2025

New major risk - Revenue and earnings growth

Musti Group Oyj Approves Board Elections

Less than half of directors are independent

New major risk - Financial position

First quarter 2025 earnings released: EPS: €0.08 (vs €0.17 in 1Q 2024)

Musti Group Oyj, Annual General Meeting, Apr 29, 2025

Musti Group Oyj (HLSE:MUSTI) completed the acquisition of Petcity OÜ from Magnum Veterinaaria AS for an enterprise value of €18 million.

Full year 2024 earnings released: EPS: €0.11 (vs €0.79 in FY 2023)

Musti Group Oyj (HLSE:MUSTI) signed a share purchase agreement to acquire Petcity OÜ from Magnum Veterinaaria AS for an enterprise value of €18 million.

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

New minor risk - Share price stability

Musti Group plc Announces CFO Changes

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

High number of new directors

Musti Group Oyj to Report Fiscal Year 2024 Final Results on Mar 14, 2025

Musti Group Oyj Announces Withdraw of Earnings Guidance for the Year 2024

Musti Group plc Announces Board Appointments

Sonae, SGPS, S.A. (ENXTLS:SON), Jeffrey David, Johan Dettel and David Rönnberg completed the acquisition of 80.58% stake in Musti Group Oyj (HLSE : MUSTI).

Sonae, SGPS, S.A. (ENXTLS:SON), Jeffrey David, Johan Dettel and David Rönnberg completed the acquisition of a remaining 95.8% stake in Musti Group Oyj.

Chief Commercial Officer recently sold €485k worth of stock

Dividend of €0.30 announced

Musti Group Oyj Just Missed Earnings - But Analysts Have Updated Their Models

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Musti Group Oyj Announces Executive Appointments

Upcoming dividend of €0.30 per share at 2.3% yield

Head of Sweden and Finland recently sold €247k worth of stock

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Price target increased by 25% to €24.00

Sonae, SGPS, S.A. (ENXTLS:SON), Jeffrey David, Johan Dettel and David Rönnberg entered into an agreement for tender offer to acquire remaining 95.8% stake in Musti Group Oyj (HLSE : MUSTI) for approximately €870 million.

If EPS Growth Is Important To You, Musti Group Oyj (HEL:MUSTI) Presents An Opportunity

Investor sentiment improves as stock rises 29%

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

New minor risk - Share price stability

Should You Think About Buying Musti Group Oyj (HEL:MUSTI) Now?

Here's Why Musti Group Oyj (HEL:MUSTI) Has Caught The Eye Of Investors

Upcoming dividend of €0.25 per share at 2.7% yield

Musti Group Oyj to Report Q1, 2024 Results on Feb 01, 2024

Price target increased by 7.7% to €19.75

Musti Group plc Provides Earnings Guidance for the Financial Year 2024

Is Now An Opportune Moment To Examine Musti Group Oyj (HEL:MUSTI)?

Musti Group Oyj (HEL:MUSTI) Shares Could Be 28% Below Their Intrinsic Value Estimate

Second quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat

Here's Why Musti Group Oyj (HEL:MUSTI) Has Caught The Eye Of Investors

Price target decreased by 7.2% to €18.00

Investor sentiment improves as stock rises 16%

Does Musti Group Oyj (HEL:MUSTI) Have A Healthy Balance Sheet?

Musti Group Oyj Approves Board Appointments

Upcoming dividend of €0.25 per share at 3.2% yield

Chief Executive Officer recently bought €178k worth of stock

Full year 2022 earnings: EPS misses analyst expectations

Now 21% undervalued after recent price drop