Raketech Group Holding Full Year 2024 Earnings: Misses Expectations

Raketech Group Holding (STO:RAKE) Full Year 2024 Results

Key Financial Results

• Revenue: €61.2m (down 21% from FY 2023).
• Net loss: €56.5m (down from €6.61m profit in FY 2023).
• €1.31 loss per share (down from €0.16 profit in FY 2023).

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

Raketech Group Holding Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Hospitality industry in Sweden.

Performance of the Swedish Hospitality industry.

The company's shares are down 4.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Raketech Group Holding that we have uncovered.

New: AI Stock Screener & Alerts

Our new AI Stock Screener scans the market every day to uncover opportunities.

• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies

Or build your own from over 50 metrics.

Explore Now for Free

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.