Canopy Growth: Experts expect gloomy figures for the last quarter!

Canopy Growth: Experts expect gloomy figures for the last quarter!

The financial world is looking forward to Canopy Growth's upcoming numbers, which will be presented during a financial conference on November 8, 2024. The Company will report results for the quarter ended September 30, 2024. According to forecasts from six analysts, a loss per share of -0.499 CAD is expected, which represents a significant improvement compared to a loss of -4.330 CAD in the same quarter last year, as finance.net reported.

On the sales side, a decline of 7.75 percent compared to the previous year is forecast, with expected sales of CAD 64.2 million. In the same period last year, the company was able to generate CAD 69.6 million. For the full fiscal year, analysts expect a loss per share of -2,741 CAD and sales on average of CAD 288.6 million, which also represents a decrease compared to CAD 297.2 million in the previous year.

Semperit returns to profitability

In contrast, the rubber and caoutchouc company Semperit has impressive news to announce. In the first three quarters of this year, the company achieved a profit after tax of 7.1 million euros, after recording a loss of 26.8 million euros in the previous year. Earnings per share rose to 0.35 euros, while in the comparable period of 2023 there was a loss of 1.29 euros per share, as finanzen.at reported.

Although sales fell by 2.5 percent to 506.6 million euros, the company is showing progress in its operational efficiency. EBIT fell by 16.3 percent to 26.8 million euros, which reduced the EBIT margin from 6.2 to 5.3 percent. Nevertheless, EBITDA increased by almost 12 percent to 63.9 million euros, which can be attributed to a savings program that was initiated early.

Strategic realignment and challenges

Semperit has strategically repositioned itself by forming its two divisions, SIA and SEA, which focus on elastomer products. CEO Karl Haider emphasizes that the results of the first three quarters underline the effectiveness of this strategy. Despite headwinds from the overall market, the company is well equipped to meet the challenges of 2025 thanks to early savings and investments in production capacity.

In summary, Canopy Growth and Semperit are taking different paths in the current financial landscape. While Canopy Growth struggles with losses, Semperit shows that it is possible to come back from the loss zone and turn a profit. The upcoming financial reports will be crucial in determining the future direction of both companies.