Taaleri Oyj Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 02:00 am EDT
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Taaleri Oyj reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was EUR 13.5 million compared to EUR 18.76 million a year ago. Net income was EUR 4.6 million compared to EUR 14.43 million a year ago. Basic earnings per share from continuing operations was EUR 0.16 compared to EUR 0.51 a year ago. Diluted earnings per share from continuing operations was EUR 0.16 compared to EUR 0.5 a year ago.
For the nine months, revenue was EUR 47.45 million compared to EUR 37.69 million a year ago. Net income was EUR 18.9 million compared to EUR 14.95 million a year ago. Basic earnings per share from continuing operations was EUR 0.67 compared to EUR 0.53 a year ago. Diluted earnings per share from continuing operations was EUR 0.65 compared to EUR 0.52 a year ago.
Taaleri Oyj is a Finland-based private equity company which focuses on renewable energy and other alternative investments. The Company creates, for example, wind and solar power, biofuels and affordable rental homes. Taaleri Oyj has two business segments: Private Asset Management and Strategic Investments. Private Asset Management consists of renewable energy, real estate and bioindustry businesses. The Strategic Investments segment includes Vakuutusosakeyhtio Garantia. The Company has numerous subsidiaries, including Taaleri Paaomarahastot Oy, Taaleri Biojalostamo GP Oy, Taaleri Energia Iberia SL, Taaleri Energia North America LLC as well as Taaleri Rauman Asuntorahaston hallinnointiyhtio Oy.