Olvi Oyj Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St · 10/17 03:00

Olvi Oyj (HEL:OLVAS) Third Quarter 2024 Results

Key Financial Results

  • Revenue: €184.9m (up 8.1% from 3Q 2023).
  • Net income: €23.1m (up 40% from 3Q 2023).
  • Profit margin: 13% (up from 9.7% in 3Q 2023). The increase in margin was driven by higher revenue.
  • EPS: €1.12 (up from €0.80 in 3Q 2023).
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HLSE:OLVAS Earnings and Revenue History October 17th 2024

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

Olvi Oyj Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Beverage industry in Europe.

Performance of the market in Finland.

The company's shares are up 3.7% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Olvi Oyj's balance sheet health.