Aspocomp Group Oyj Third Quarter 2024 Earnings: Misses Expectations

Aspocomp Group Oyj (HEL:ACG1V) Third Quarter 2024 Results

Key Financial Results

• Revenue: €6.37m (down 21% from 3Q 2023).
• Net loss: €1.35m (loss widened by 73% from 3Q 2023).
• €0.20 loss per share (further deteriorated from €0.11 loss in 3Q 2023).

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

Aspocomp Group Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 100%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Finland.

Performance of the Finnish Electronic industry.

The company's shares are up 15% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Aspocomp Group Oyj you should know about.

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