Innocean Worldwide Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Innocean Worldwide (KRX:214320) Full Year 2024 Results

Key Financial Results

• Revenue: ₩2.12t (up 1.3% from FY 2023).
• Net income: ₩100.3b (down 1.5% from FY 2023).
• Profit margin: 4.7% (down from 4.9% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: ₩2,506 (down from ₩2,544 in FY 2023).

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

Innocean Worldwide EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 5.4%.

Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Media industry in South Korea.

Performance of the South Korean Media industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Innocean Worldwide (1 doesn't sit too well with us) you should be aware of.

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