Tourn International Full Year 2023 Earnings: Misses Expectations

Tourn International (STO:TOURN) Full Year 2023 Results

Key Financial Results

• Revenue: kr107.8m (down 25% from FY 2022).
• Net loss: kr18.6m (loss widened by 4.3% from FY 2022).
• kr1.91 loss per share (further deteriorated from kr1.83 loss in FY 2022).

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

Tourn International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Interactive Media and Services industry in Sweden.

Performance of the Swedish Interactive Media and Services industry.

The company's shares are down 5.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Tourn International (1 is significant!) that we have uncovered.

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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.