Stock Analysis

Tokmanni Group Oyj Second Quarter 2024 Earnings: Misses Expectations

HLSE:TOKMAN
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Tokmanni Group Oyj (HEL:TOKMAN) Second Quarter 2024 Results

Key Financial Results

  • Revenue: €423.3m (up 33% from 2Q 2023).
  • Net income: €14.8m (down 25% from 2Q 2023).
  • Profit margin: 3.5% (down from 6.1% in 2Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: €0.25 (down from €0.33 in 2Q 2023).
earnings-and-revenue-growth
HLSE:TOKMAN Earnings and Revenue Growth August 19th 2024

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

Tokmanni Group Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in Europe.

Performance of the market in Finland.

The company's shares are down 3.7% from a week ago.

Valuation

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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.