Revenio Group Oyj

REG1V

Equity

ISIN FI0009010912 / Valor 1304192

NASDAQ Helsinki Ltd, Equities (2025-04-02)

EUR 25.32+0.40%

Revenio Group Oyj
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About company

Revenio Group Oyj is a prominent player in the global ophthalmological device and software market, specializing in diagnostic solutions for eye care. The company offers a range of products under the iCare brand, including intraocular pressure measurement devices, fundus imaging devices, and perimeters, which are essential tools for diagnosing conditions such as glaucoma, diabetic retinopathy, and age-related macular degeneration. Revenio's offerings are designed to be user-friendly and reliable, providing healthcare professionals with efficient digital tools that enhance the quality of eye care. Through its innovative solutions, Revenio supports ophthalmologists in delivering accurate and timely diagnoses, thereby improving patient outcomes in the field of ophthalmology.

Summarized from source with an LLMView SourceSector: Technology

Q4 2023 Revenue Growth

Revenio Group Oyj reported net sales of EUR 29.1 million for Q4 2023, marking a 3.1% increase compared to the same period in the previous year. The growth in net sales was not influenced by exchange rate fluctuations, indicating a strong performance in their core markets.

Profitability and Earnings

For the fourth quarter of 2023, Revenio Group Oyj achieved an operating profit of EUR 9.5 million, which represents 32.6% of net sales and a 1.6% increase from the previous year. Earnings per share for this period rose to EUR 0.270, up from EUR 0.214 in Q4 2022.

Full Year 2023 Financial Performance

Throughout the entire year of 2023, Revenio Group Oyj's net sales slightly decreased by 0.4% to EUR 96.6 million. Despite this, the currency-adjusted growth of net sales was 2.2%. The operating profit for the year was EUR 26.3 million, down by 11.3% from the previous year, impacted by non-recurring costs.

Cash Flow and Financial Position

Revenio Group Oyj's cash flow from operating activities for 2023 was EUR 10.9 million, significantly affected by changes in working capital and increased tax payments. The company's balance sheet remained strong with an equity ratio of 72.7% and liquid assets totaling EUR 21.5 million at the end of the year.

Dividend and Outlook

The Board of Directors of Revenio Group Oyj proposed a dividend of EUR 0.38 per share for the year 2023, up from EUR 0.36 in the previous year. Looking ahead to 2024, the company expects exchange rate-adjusted net sales to grow by 5-10% and aims to maintain good profitability levels, excluding non-recurring items.

Summarized from source with an LLMView Source

Key figures

-1.09%1Y

-47.7%3Y

17.0%5Y

Performance

32.9%1Y

39.3%3Y

39.5%5Y

Volatility