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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This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.
