Tokmanni Group Oyj Second Quarter 2024 Earnings: Misses Expectations

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).

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

It's possible that Tokmanni Group Oyj could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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