Stock Analysis

Verkkokauppa.com Oyj First Quarter 2024 Earnings: Misses Expectations

Simply Wall St

April 26, 2024

Verkkokauppa.com Oyj (HEL:VERK) First Quarter 2024 Results

Key Financial Results

Revenue: €108.2m (down 11% from 1Q 2023).
Net loss: €963.0k (loss widened by 134% from 1Q 2023).
€0.02 loss per share (further deteriorated from €0.009 loss in 1Q 2023).

earnings-and-revenue-growth — HLSE:VERK Earnings and Revenue Growth April 26th 2024

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

Verkkokauppa.com Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Multiline Retail industry in Europe.

Performance of the market in Finland.

The company's shares are down 3.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Verkkokauppa.com Oyj has 1 warning sign we think 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.