Merus Power Oyj (HEL:MERUS) H1 2024 results
Key financial results
- Sales: €7.72 million (46% less than in the first half of 2023).
- Net loss: €4.32 million (loss increases by 423% from the first half of 2023).
- €0.56 loss per share (a further deterioration compared to the loss of €0.11 in the first half of 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Merus Power Oyj’s sales and profits fall short of expectations
Sales were 49% below analyst estimates. Earnings per share (EPS) also fell well short of analyst estimates.
An average sales growth of 24% per year is expected for the next three years. In the European electrical industry, however, growth of 7.2% is forecast.
Development of the market in Finland.
The company’s shares fell 3.4 percent compared to the previous week.
Risk analysis
We should say we have discovered 2 warning signs for Merus Power Oyj (1 is concerning!) that you should know before investing here.
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