Gofore Oyj Full Year 2024 Earnings: EPS Misses Expectations

Gofore Oyj (HEL:GOFORE) Full Year 2024 Results

Key Financial Results

• Revenue: €187.3m (down 1.2% from FY 2023).
• Net income: €16.3m (down 9.1% from FY 2023).
• Profit margin: 8.7% (in line with FY 2023).
• EPS: €1.04 (down from €1.15 in FY 2023).

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

Gofore Oyj EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.3%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the IT industry in Finland.

Performance of the Finnish IT industry.

The company's shares are up 1.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Gofore Oyj's balance sheet and an in-depth analysis of the company's financial position.

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