Stock Analysis

Vincit Oyj First Quarter 2024 Earnings: €0.02 loss per share (vs €0.07 profit in 1Q 2023)

Simply Wall St

May 01, 2024

Vincit Oyj (HEL:VINCIT) First Quarter 2024 Results

Key Financial Results

Revenue: €23.0m (down 17% from 1Q 2023).
Net loss: €385.0k (down by 132% from €1.20m profit in 1Q 2023).
€0.02 loss per share (down from €0.07 profit in 1Q 2023).

earnings-and-revenue-history — HLSE:VINCIT Earnings and Revenue History May 1st 2024

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

Vincit Oyj Earnings Insights

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 5.4% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Vincit Oyj 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.