Netum Group Oyj Full Year 2024 Earnings: In Line With Expectations

Netum Group Oyj (HEL:NETUM) Full Year 2024 Results

Key Financial Results

• Revenue: €44.0m (up 19% from FY 2023).
• Net loss: €456.0k (loss narrowed by 58% from FY 2023).
• €0.04 loss per share (improved from €0.09 loss in FY 2023).

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

Netum Group Oyj Earnings Insights

In the last 12 months, the only revenue segment was Computer Services contributing €44.0m. Notably, cost of sales worth €34.6m amounted to 79% of total revenue thereby underscoring the impact on earnings.Explore how NETUM's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the IT industry in Finland.

Performance of the Finnish IT industry.

The company's shares are down 8.9% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Netum Group Oyj (1 is significant!) that you need to take into consideration.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.