Martela Oyj Third Quarter 2022 Results: Revenue Exceeds Expectations
Martela Oyj (HEL:MARAS) Third Quarter 2022 Results
Main financial results
- Revenue: €27.2m (+14% compared to 3Q 2021).
- Net income: €2.17m (+149% compared to 3Q 2021).
- Profit margin: 8.0% (vs. 3.7% in 3Q 2021). The increase in the margin is explained by the increase in revenues.
All figures shown in the table above are for the 12 month period (TTM)
Martela Oyj’s earnings disappoint
Revenue beat analysts’ estimates by 7.8%.
Shares of the company are down 7.7% from a week ago.
We don’t want to rain too much on the parade, but we also found 2 warning signs for Martela Oyj (1 makes us a little uncomfortable!) which you should be aware of.
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