Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Insider Transactions
  • inderesTV
  • Portfolio
  • Forum
  • Premium
  • Femme
  • Learn
    • Investing School
    • Q&A
    • Analysis School
  • About Us
    • Our Coverage
    • Team
Third party research

Investors house: Strong Q2 result boosted by disposals with underlying operations solid - Nordea

Investors House

This is a third party research report and does not necessarily reflect our views or values

Download report (PDF)
Investors House reported Q2 revenues of EUR 3.1m, 18% above our EUR 2.6m estimate. Net operating income was EUR 1.9m, which was up from EUR 0.6m y/y and above our EUR 1.4m estimate. Real Estate division posted EUR 1.9m in sales versus our EUR 1.8m estimate. The Services segment posted better sales and EBIT than we estimated. Adjusted EBIT was EUR 1.8m versus our EUR 1.2m estimate while reported EBIT of EUR 7.7m included EUR 5.8m in net gains from asset disposals (the 1/3 disposal of the JKK JV). Operationally, the results were better than expected. The guidance for 2024 was reiterated: earnings will increase significantly compared to 2023 (2023: EUR 3.5m) thanks to the significant asset disposal gains in H1. The equity ratio improved q/q from 44% in Q1 2024 to 46%. We expect an initial positive share price reaction.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.