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Wärtsilä Oyj Abp Q2 2024 earnings: EPS beats expectations, revenue lags

Wärtsilä Oyj Abp (HEL:WRT1V) Second Quarter 2024 Results

Key Financial Results

  • Revenue: €1.56 billion (up 7.0% from Q2 2023).
  • Net income: €116.0 million (up 330% from Q2 2023).
  • Profit margin: 7.5% (up from 1.9% in Q2 2023).
  • EPS: €0.20 (up from €0.05 in 2Q 2023).
HLSE:WRT1V Earnings and Revenue Growth July 22, 2024

All figures in the above graph are for the last 12 months (TTM)

Wärtsilä Oyj Abp EPS beats expectations, revenues lag

Revenue fell 1.7% short of analysts’ expectations. Earnings per share (EPS) exceeded analysts’ expectations by 8.7%.

Looking ahead, sales are expected to grow by an average of 9.2% per year over the next 3 years, compared to an expected growth of 3.1% for the machinery industry in Finland.

Performance of the Finnish machinery industry.

The company’s stock price is largely unchanged from a week ago.

Balance sheet analysis

While profits are important, another area to consider is balance sheet. We have a graphical representation of Wärtsilä Oyj Abp’s balance sheet and an in-depth analysis of the company’s financial position.

Valuation is complex, but we make it simple.

Find out whether Wärtsilä Oyj Abp may be over or undervalued by exploring our comprehensive analysis, which includes: fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the free analysis

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This article from Simply Wall St is general in nature. We comment solely on historical data and analyst forecasts, using an objective methodology. Our articles are not intended as financial advice. It does not constitute a recommendation to buy or sell any shares and does not take into account your objectives or financial situation. We aim to provide you with a long-term analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in the shares mentioned.

Valuation is complex, but we make it simple.

Find out whether Wärtsilä Oyj Abp may be over or undervalued by exploring our comprehensive analysis, which includes: fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the free analysis

Do you have feedback on this article? Are you concerned about the content? Please contact us directly. You can also send an email to [email protected]

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