Tecnotree Oyj Second Quarter 2024 Earnings: Misses Expectations

Tecnotree Oyj (HEL:TEM1V) Second Quarter 2024 Results

Key Financial Results

• Revenue: €18.7m (down 3.1% from 2Q 2023).
• Net income: €3.70m (flat on 2Q 2023).
• Profit margin: 20% (in line with 2Q 2023).
• EPS: €0.12 (down from €0.23 in 2Q 2023).

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

Tecnotree Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 54%.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Finland.

Performance of the Finnish Software industry.

The company's shares are up 5.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Tecnotree Oyj (1 is a bit unpleasant!) that we have uncovered.

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