Boreo Oyj Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Boreo Oyj (HEL:BOREO) Second Quarter 2024 Results

Key Financial Results

• Revenue: €33.8m (down 20% from 2Q 2023).
• Net income: €700.0k (down 13% from 2Q 2023).
• Profit margin: 2.1% (up from 1.9% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: €0.26 (down from €0.30 in 2Q 2023).

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

Boreo Oyj EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Finland.

Performance of the Finnish Electronic industry.

The company's shares are down 3.9% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Boreo Oyj (1 makes us a bit uncomfortable!) that you need to take into consideration.

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