View Future GrowthEnerga 과거 순이익 실적과거 기준 점검 5/6Energa의 수입은 연평균 -8%의 비율로 감소해 온 반면, Electric Utilities 산업은 수입이 연평균 16.2% 증가했습니다. 매출은 연평균 10.9%의 비율로 증가해 왔습니다. Energa의 자기자본이익률은 9.1%이고 순이익률은 5.7%입니다.핵심 정보-7.97%순이익 성장률-7.98%주당순이익(EPS) 성장률Electric Utilities 산업 성장률7.32%매출 성장률10.93%자기자본이익률9.09%순이익률5.72%다음 순이익 업데이트28 May 2026최근 과거 실적 업데이트공시 • Jan 31+ 3 more updatesEnerga SA to Report Q1, 2026 Results on May 21, 2026Energa SA announced that they will report Q1, 2026 results on May 21, 2026공시 • Jan 31+ 3 more updatesEnerga SA to Report Q1, 2025 Results on May 22, 2025Energa SA announced that they will report Q1, 2025 results at 8:30 AM, Central European Standard Time on May 22, 2025Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: zł0.22 (vs zł0.50 in 3Q 2023)Third quarter 2024 results: EPS: zł0.22 (down from zł0.50 in 3Q 2023). Revenue: zł5.22b (up 3.1% from 3Q 2023). Net income: zł93.0m (down 55% from 3Q 2023). Profit margin: 1.8% (down from 4.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.Reported Earnings • Aug 22Second quarter 2024 earnings released: EPS: zł0.99 (vs zł0.32 loss in 2Q 2023)Second quarter 2024 results: EPS: zł0.99 (up from zł0.32 loss in 2Q 2023). Revenue: zł5.35b (up 2.6% from 2Q 2023). Net income: zł410.0m (up zł543.0m from 2Q 2023). Profit margin: 7.7% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.Reported Earnings • Apr 30Full year 2023 earnings released: EPS: zł1.49 (vs zł2.34 in FY 2022)Full year 2023 results: EPS: zł1.49 (down from zł2.34 in FY 2022). Revenue: zł26.1b (up 30% from FY 2022). Net income: zł617.0m (down 36% from FY 2022). Profit margin: 2.4% (down from 4.8% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.공시 • Jan 26+ 3 more updatesEnerga SA to Report Fiscal Year 2023 Results on Apr 25, 2024Energa SA announced that they will report fiscal year 2023 results on Apr 25, 2024모든 업데이트 보기Recent updates공시 • May 18Energa SA, Annual General Meeting, Jun 12, 2026Energa SA, Annual General Meeting, Jun 12, 2026, at 10:00 Central European Standard Time.공시 • May 13Energa SA has filed a Follow-on Equity Offering in the amount of PLN 5.106828 billion.Energa SA has filed a Follow-on Equity Offering in the amount of PLN 5.106828 billion. Security Name: Series CC Shares Security Type: Common Stock Securities Offered: 276,044,742 Price\Range: PLN 18.5 Transaction Features: Rights Offering공시 • Jan 31+ 3 more updatesEnerga SA to Report Q1, 2026 Results on May 21, 2026Energa SA announced that they will report Q1, 2026 results on May 21, 2026공시 • May 19Energa SA, Annual General Meeting, Jun 13, 2025Energa SA, Annual General Meeting, Jun 13, 2025.공시 • Jan 31+ 3 more updatesEnerga SA to Report Q1, 2025 Results on May 22, 2025Energa SA announced that they will report Q1, 2025 results at 8:30 AM, Central European Standard Time on May 22, 2025공시 • Jan 30Energa Group Appoints Pawel Olechnowicz as Member of the Supervisory Board, Effective 1 February 2025As of 1 February 2025 Pawel Olechnowicz, former CEO of Lotos, is due to be appointed to the position of member of the Supervisory Board of Energa Group, one of four largest energy companies in Poland, after in December 2024 he was appointed as direct adviser to ORLEN's CEO Ireneusz Fafara. At Orlen, which is the majority shareholder of Energa, Olechnowicz is to oversee the development of renewable energy and energy storage solutions while according to unofficial sources, he may also be tasked with regaining total control over the Gdansk Refinery.Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: zł0.22 (vs zł0.50 in 3Q 2023)Third quarter 2024 results: EPS: zł0.22 (down from zł0.50 in 3Q 2023). Revenue: zł5.22b (up 3.1% from 3Q 2023). Net income: zł93.0m (down 55% from 3Q 2023). Profit margin: 1.8% (down from 4.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.Reported Earnings • Aug 22Second quarter 2024 earnings released: EPS: zł0.99 (vs zł0.32 loss in 2Q 2023)Second quarter 2024 results: EPS: zł0.99 (up from zł0.32 loss in 2Q 2023). Revenue: zł5.35b (up 2.6% from 2Q 2023). Net income: zł410.0m (up zł543.0m from 2Q 2023). Profit margin: 7.7% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.공시 • Jun 01Energa SA Appoints Slawomir Staszak as Acting CEOEnerga SA appointed Slawomir Staszak, the current deputy CEO, as acting CEO until a new CEO is appointed.New Risk • May 24New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.공시 • May 17Energa SA Provides Earnings and Production Guidance for the First Quarter of 2024Energa SA provided earnings and production guidance for the first quarter of 2024. For the quarter, the company estimates net profit at PLN 431 million (EUR 101.1 million), compared to PLN 1.6 billion (EUR 375.2 million) profit a year earlier. Revenue is estimated at PLN 6.254 billion (EUR 1.5 billion), and EBIT at PLN 774 million (EUR 181.5 million).The company estimates gross electricity generation at 870 GWh (vs. 1,009 GWh in First Quarter 2023), electricity distribution at 6,105 GWh (vs. 5,828 GWh a year ago), and retail electricity sales at 4,605 GWh (vs. 4,583 GWh a year ago).New Risk • Apr 30New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). High level of non-cash earnings (23% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (2.4% net profit margin).Reported Earnings • Apr 30Full year 2023 earnings released: EPS: zł1.49 (vs zł2.34 in FY 2022)Full year 2023 results: EPS: zł1.49 (down from zł2.34 in FY 2022). Revenue: zł26.1b (up 30% from FY 2022). Net income: zł617.0m (down 36% from FY 2022). Profit margin: 2.4% (down from 4.8% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.공시 • Apr 21Energa SA Appoints Roman Szyszko and Slawomir Staszak as Deputies of the Board of Directors, Effective April 20, 2024Energa SA appointed Roman Szyszko and Slawomir Staszak as deputies of the board of directors, effective April 20, 2024.Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €2.82, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 9x in the Electric Utilities industry in Europe. Total returns to shareholders of 70% over the past three years.공시 • Jan 26+ 3 more updatesEnerga SA to Report Fiscal Year 2023 Results on Apr 25, 2024Energa SA announced that they will report fiscal year 2023 results on Apr 25, 2024New Risk • Nov 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.3% Last year net profit margin: 8.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.Reported Earnings • Nov 01Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł6.06b (up 10.0% from 3Q 2022). Net income: zł206.0m (down 60% from 3Q 2022). Profit margin: 3.4% (down from 9.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.New Risk • Aug 28New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł6.01b (up 31% from 2Q 2022). Net loss: zł133.0m (down 130% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.공시 • Aug 01ORLEN Projekt Spolka Akcyjna signed an agreement to acquire Energa Invest SA from Energa SA (WSE:ENG).ORLEN Projekt Spolka Akcyjna signed an agreement to acquire Energa Invest SA from Energa SA (WSE:ENG) on July 31, 2023.Reported Earnings • May 30First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: zł7.42b (up 50% from 1Q 2022). Net income: zł1.56b (up 159% from 1Q 2022). Profit margin: 21% (up from 12% in 1Q 2022). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • May 18Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €1.91, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 9x in the Electric Utilities industry in Europe. Total returns to shareholders of 13% over the past three years.공시 • Jan 20+ 3 more updatesEnerga SA to Report Fiscal Year 2022 Final Results on Apr 21, 2023Energa SA announced that they will report fiscal year 2022 final results on Apr 21, 2023Reported Earnings • Dec 01Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł5.51b (up 66% from 3Q 2021). Net income: zł514.0m (up 71% from 3Q 2021). Profit margin: 9.3% (up from 9.0% in 3Q 2021). The increase in margin was driven by higher revenue.공시 • Nov 08Energa SA to Report Q3, 2022 Results on Nov 29, 2022Energa SA announced that they will report Q3, 2022 results on Nov 29, 2022공시 • Aug 23Energa SA Appoints Zofia Paryla as CEO, Effective from September 1, 2022Energa SA appointed Zofia Paryla as CEO, effective as of September 1, 2022. Paryla earlier served as fuel group Lotos CEO (in years 2020-2022). From 2019 to 2020, she was Lotos's CFO, and still earlier, between 2017 and 2018, she held the function of the vice president of Energa's unit Energa CUW.공시 • Apr 27Energa Appoints Michal Perlik as CFOEnerga, unit of fuel concern PKN Orlen, appointed Michal Perlik as CFO. Perlik has been Orlen's executive director for finance since 2020.공시 • Apr 26Energa SA, Annual General Meeting, May 20, 2022Energa SA, Annual General Meeting, May 20, 2022, at 10:00 Central European Standard Time.공시 • Apr 22Energa Appoints Daniel Obajtek as Interim CEOEnerga appointed Orlen CEO Daniel Obajtek as interim CEO.공시 • Jan 28+ 3 more updatesEnerga SA to Report Q3, 2022 Results on Nov 10, 2022Energa SA announced that they will report Q3, 2022 results on Nov 10, 2022공시 • Feb 02+ 1 more updateEnerga SA to Report Q3, 2021 Results on Nov 10, 2021Energa SA announced that they will report Q3, 2021 results on Nov 10, 2021공시 • Feb 01+ 1 more updateEnerga SA to Report Q2, 2021 Results on Aug 12, 2021Energa SA announced that they will report Q2, 2021 results on Aug 12, 2021공시 • Sep 22+ 1 more updatePolski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) made an offer to acquire the remaining 20% stake in Energa SA (WSE:ENG) for approximately PLN 690 million.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) made an offer to acquire the remaining 20% stake in Energa SA (WSE:ENG) for approximately PLN 690 million on September 21, 2020. Under the terms of the acquisition, PKN Orlen will acquire 82.8 million shares of Energa for PLN 8.35 per share. Upon completion, Energa will undergo a delisting of its shares from trading. The deal was approved by the Management Board of PKN Orlen. The tender offer will start on October 9, 2020 until November 20, 2020.Is New 90 Day High Low • Sep 22New 90-day low: €1.64The company is down 11% from its price of €1.83 on 24 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.23 per share.공시 • Jul 30Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) completed the acquisition of 80.01% stake in Energa SA (WSE:ENG) for PLN 2.8 billion.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) launched a tender offer to acquire Energa SA (WSE:ENG) for PLN 2.9 billion on December 5, 2019. Under the terms of the acquisition, PKN ORLEN will acquire 414,067,114 shares of Energa consisting of 269,139,114 ordinary bearer shares and 114,928,000 certificated shares for PLN 7 per share. As reported on April 15, 2020, the offer price was increased to PLN 8.35 per share. On April 18, 2020, ORLEN signed an agreement for the acquisition of Energa. The transaction is subject to a resolution amending the articles of association of the Energa, to waive the voting restrictions referred to in 27(1)-(7) of the Articles of Association; the Supervisory Board of Energa has adopted a resolution adopting a consolidated text of the Articles of Association pursuant to § 17(1)(15) of the Articles of Association; the number of Shares subscribed for sale under the Tender Offer corresponds at least 66% of the aggregate number of votes; and a due diligence audit of Energa. As of February 26, 2020, Polski Koncern Naftowy ORLEN Spólka Akcyjna filed an application to European Commission to get the approval of the transaction and European Commission decision is expected to announce in first quarter of 2020. The European Commission (EC) approved the transaction on March 31, 2020. As of April 20, 2020, the condition reserved in the tender offer has been fulfilled. Shareholders in Energa will have between January 31, 2020 and April 9, 2020 to subscribe to the tender offer. The transaction is expected to complete on April 20, 2020. On March 26, 2020, ORLEN announced the decision to extend the subscription period until April 22, 2020. Maciej Mataczynski, Tomasz Jaranowski and Magdalena Cisowska of Sojka Maciak Mataczynski acted as legal advisors to Polski Koncern Naftowy ORLEN Spólka Akcyjna. Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) completed the acquisition of 80.01% stake in Energa SA (WSE:ENG) for PLN 2.8 billion on April 22, 2020. Polski Koncern Naftowy ORLEN Spólka Akcyjna acquired 331.3 million shares in the offer. Powszechna Kasa Oszczednosci Bank Polski S.A. Oddzial - Biuro Maklerskie acted as intermediary in the tender offer.공시 • Jul 10Energa SA to Report First Half, 2020 Results on Jul 30, 2020Energa SA announced that they will report first half, 2020 results on Jul 30, 2020매출 및 비용 세부 내역Energa가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:EN2 매출, 비용 및 순이익 (PLN Millions)날짜매출순이익일반관리비연구개발비31 Dec 2521,7411,2431,352030 Sep 2520,9905301,411030 Jun 2521,2193071,317031 Mar 2521,2833611,339031 Dec 2420,8873051,283030 Sep 2421,195-741,643030 Jun 2421,152391,476031 Mar 2421,474-5042,127031 Dec 2322,0816172,622030 Sep 2321,3311,0442,258030 Jun 2321,7721,3522,149031 Mar 2321,1371,9221,825031 Dec 2220,0959671,380030 Sep 2218,8291,5451,392030 Jun 2216,6391,3311,337031 Mar 2215,2881,1881,319031 Dec 2113,7919681,303030 Sep 2113,2821,2111,310030 Jun 2112,9789971,315031 Mar 2112,592-1241,316031 Dec 2012,401-3931,357030 Sep 2012,112-1,9591,176030 Jun 2012,051-1,9411,050031 Mar 2011,758-1,025928031 Dec 1911,479-952771030 Sep 1911,208440764030 Jun 1910,823458754031 Mar 1910,666650746031 Dec 1810,337739732030 Sep 1810,418899716030 Jun 1810,371845701031 Mar 1810,466738694031 Dec 1710,534773689030 Sep 1710,525632688030 Jun 1710,441754685031 Mar 1710,270453688031 Dec 1610,181151677030 Sep 1610,220207699030 Jun 1610,316183704031 Mar 1610,512488699031 Dec 1510,804832699030 Sep 1510,755870713030 Jun 1510,7289167060양질의 수익: EN2는 고품질 수익을 보유하고 있습니다.이익 마진 증가: EN2의 현재 순 이익률 (5.7%)은 지난해 (1.5%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: EN2는 지난 5년 동안 흑자전환하며 연평균 -8%의 수익 성장을 기록했습니다.성장 가속화: 지난 1년간 EN2 의 수익 증가율(307.5%)은 연간 평균(-8%)을 초과합니다.수익 대 산업: EN2의 지난 1년 수익 증가율(307.5%)은 Electric Utilities 업계의 2.8%를 상회했습니다.자기자본이익률높은 ROE: EN2의 자본 수익률(9.1%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YUtilities 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 07:53종가2026/05/22 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Energa SA는 11명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kamil KliszczBiuro maklerskie mBankuTomasz KrukowskiDeutsche BankHenning EsskuchenErste Group Bank AG8명의 분석가 더 보기
공시 • Jan 31+ 3 more updatesEnerga SA to Report Q1, 2026 Results on May 21, 2026Energa SA announced that they will report Q1, 2026 results on May 21, 2026
공시 • Jan 31+ 3 more updatesEnerga SA to Report Q1, 2025 Results on May 22, 2025Energa SA announced that they will report Q1, 2025 results at 8:30 AM, Central European Standard Time on May 22, 2025
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: zł0.22 (vs zł0.50 in 3Q 2023)Third quarter 2024 results: EPS: zł0.22 (down from zł0.50 in 3Q 2023). Revenue: zł5.22b (up 3.1% from 3Q 2023). Net income: zł93.0m (down 55% from 3Q 2023). Profit margin: 1.8% (down from 4.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 22Second quarter 2024 earnings released: EPS: zł0.99 (vs zł0.32 loss in 2Q 2023)Second quarter 2024 results: EPS: zł0.99 (up from zł0.32 loss in 2Q 2023). Revenue: zł5.35b (up 2.6% from 2Q 2023). Net income: zł410.0m (up zł543.0m from 2Q 2023). Profit margin: 7.7% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 30Full year 2023 earnings released: EPS: zł1.49 (vs zł2.34 in FY 2022)Full year 2023 results: EPS: zł1.49 (down from zł2.34 in FY 2022). Revenue: zł26.1b (up 30% from FY 2022). Net income: zł617.0m (down 36% from FY 2022). Profit margin: 2.4% (down from 4.8% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
공시 • Jan 26+ 3 more updatesEnerga SA to Report Fiscal Year 2023 Results on Apr 25, 2024Energa SA announced that they will report fiscal year 2023 results on Apr 25, 2024
공시 • May 18Energa SA, Annual General Meeting, Jun 12, 2026Energa SA, Annual General Meeting, Jun 12, 2026, at 10:00 Central European Standard Time.
공시 • May 13Energa SA has filed a Follow-on Equity Offering in the amount of PLN 5.106828 billion.Energa SA has filed a Follow-on Equity Offering in the amount of PLN 5.106828 billion. Security Name: Series CC Shares Security Type: Common Stock Securities Offered: 276,044,742 Price\Range: PLN 18.5 Transaction Features: Rights Offering
공시 • Jan 31+ 3 more updatesEnerga SA to Report Q1, 2026 Results on May 21, 2026Energa SA announced that they will report Q1, 2026 results on May 21, 2026
공시 • May 19Energa SA, Annual General Meeting, Jun 13, 2025Energa SA, Annual General Meeting, Jun 13, 2025.
공시 • Jan 31+ 3 more updatesEnerga SA to Report Q1, 2025 Results on May 22, 2025Energa SA announced that they will report Q1, 2025 results at 8:30 AM, Central European Standard Time on May 22, 2025
공시 • Jan 30Energa Group Appoints Pawel Olechnowicz as Member of the Supervisory Board, Effective 1 February 2025As of 1 February 2025 Pawel Olechnowicz, former CEO of Lotos, is due to be appointed to the position of member of the Supervisory Board of Energa Group, one of four largest energy companies in Poland, after in December 2024 he was appointed as direct adviser to ORLEN's CEO Ireneusz Fafara. At Orlen, which is the majority shareholder of Energa, Olechnowicz is to oversee the development of renewable energy and energy storage solutions while according to unofficial sources, he may also be tasked with regaining total control over the Gdansk Refinery.
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: zł0.22 (vs zł0.50 in 3Q 2023)Third quarter 2024 results: EPS: zł0.22 (down from zł0.50 in 3Q 2023). Revenue: zł5.22b (up 3.1% from 3Q 2023). Net income: zł93.0m (down 55% from 3Q 2023). Profit margin: 1.8% (down from 4.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 22Second quarter 2024 earnings released: EPS: zł0.99 (vs zł0.32 loss in 2Q 2023)Second quarter 2024 results: EPS: zł0.99 (up from zł0.32 loss in 2Q 2023). Revenue: zł5.35b (up 2.6% from 2Q 2023). Net income: zł410.0m (up zł543.0m from 2Q 2023). Profit margin: 7.7% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
공시 • Jun 01Energa SA Appoints Slawomir Staszak as Acting CEOEnerga SA appointed Slawomir Staszak, the current deputy CEO, as acting CEO until a new CEO is appointed.
New Risk • May 24New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.
공시 • May 17Energa SA Provides Earnings and Production Guidance for the First Quarter of 2024Energa SA provided earnings and production guidance for the first quarter of 2024. For the quarter, the company estimates net profit at PLN 431 million (EUR 101.1 million), compared to PLN 1.6 billion (EUR 375.2 million) profit a year earlier. Revenue is estimated at PLN 6.254 billion (EUR 1.5 billion), and EBIT at PLN 774 million (EUR 181.5 million).The company estimates gross electricity generation at 870 GWh (vs. 1,009 GWh in First Quarter 2023), electricity distribution at 6,105 GWh (vs. 5,828 GWh a year ago), and retail electricity sales at 4,605 GWh (vs. 4,583 GWh a year ago).
New Risk • Apr 30New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). High level of non-cash earnings (23% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (2.4% net profit margin).
Reported Earnings • Apr 30Full year 2023 earnings released: EPS: zł1.49 (vs zł2.34 in FY 2022)Full year 2023 results: EPS: zł1.49 (down from zł2.34 in FY 2022). Revenue: zł26.1b (up 30% from FY 2022). Net income: zł617.0m (down 36% from FY 2022). Profit margin: 2.4% (down from 4.8% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
공시 • Apr 21Energa SA Appoints Roman Szyszko and Slawomir Staszak as Deputies of the Board of Directors, Effective April 20, 2024Energa SA appointed Roman Szyszko and Slawomir Staszak as deputies of the board of directors, effective April 20, 2024.
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €2.82, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 9x in the Electric Utilities industry in Europe. Total returns to shareholders of 70% over the past three years.
공시 • Jan 26+ 3 more updatesEnerga SA to Report Fiscal Year 2023 Results on Apr 25, 2024Energa SA announced that they will report fiscal year 2023 results on Apr 25, 2024
New Risk • Nov 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.3% Last year net profit margin: 8.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.
Reported Earnings • Nov 01Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: zł6.06b (up 10.0% from 3Q 2022). Net income: zł206.0m (down 60% from 3Q 2022). Profit margin: 3.4% (down from 9.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 28New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł6.01b (up 31% from 2Q 2022). Net loss: zł133.0m (down 130% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
공시 • Aug 01ORLEN Projekt Spolka Akcyjna signed an agreement to acquire Energa Invest SA from Energa SA (WSE:ENG).ORLEN Projekt Spolka Akcyjna signed an agreement to acquire Energa Invest SA from Energa SA (WSE:ENG) on July 31, 2023.
Reported Earnings • May 30First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: zł7.42b (up 50% from 1Q 2022). Net income: zł1.56b (up 159% from 1Q 2022). Profit margin: 21% (up from 12% in 1Q 2022). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • May 18Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €1.91, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 9x in the Electric Utilities industry in Europe. Total returns to shareholders of 13% over the past three years.
공시 • Jan 20+ 3 more updatesEnerga SA to Report Fiscal Year 2022 Final Results on Apr 21, 2023Energa SA announced that they will report fiscal year 2022 final results on Apr 21, 2023
Reported Earnings • Dec 01Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: zł5.51b (up 66% from 3Q 2021). Net income: zł514.0m (up 71% from 3Q 2021). Profit margin: 9.3% (up from 9.0% in 3Q 2021). The increase in margin was driven by higher revenue.
공시 • Nov 08Energa SA to Report Q3, 2022 Results on Nov 29, 2022Energa SA announced that they will report Q3, 2022 results on Nov 29, 2022
공시 • Aug 23Energa SA Appoints Zofia Paryla as CEO, Effective from September 1, 2022Energa SA appointed Zofia Paryla as CEO, effective as of September 1, 2022. Paryla earlier served as fuel group Lotos CEO (in years 2020-2022). From 2019 to 2020, she was Lotos's CFO, and still earlier, between 2017 and 2018, she held the function of the vice president of Energa's unit Energa CUW.
공시 • Apr 27Energa Appoints Michal Perlik as CFOEnerga, unit of fuel concern PKN Orlen, appointed Michal Perlik as CFO. Perlik has been Orlen's executive director for finance since 2020.
공시 • Apr 26Energa SA, Annual General Meeting, May 20, 2022Energa SA, Annual General Meeting, May 20, 2022, at 10:00 Central European Standard Time.
공시 • Apr 22Energa Appoints Daniel Obajtek as Interim CEOEnerga appointed Orlen CEO Daniel Obajtek as interim CEO.
공시 • Jan 28+ 3 more updatesEnerga SA to Report Q3, 2022 Results on Nov 10, 2022Energa SA announced that they will report Q3, 2022 results on Nov 10, 2022
공시 • Feb 02+ 1 more updateEnerga SA to Report Q3, 2021 Results on Nov 10, 2021Energa SA announced that they will report Q3, 2021 results on Nov 10, 2021
공시 • Feb 01+ 1 more updateEnerga SA to Report Q2, 2021 Results on Aug 12, 2021Energa SA announced that they will report Q2, 2021 results on Aug 12, 2021
공시 • Sep 22+ 1 more updatePolski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) made an offer to acquire the remaining 20% stake in Energa SA (WSE:ENG) for approximately PLN 690 million.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) made an offer to acquire the remaining 20% stake in Energa SA (WSE:ENG) for approximately PLN 690 million on September 21, 2020. Under the terms of the acquisition, PKN Orlen will acquire 82.8 million shares of Energa for PLN 8.35 per share. Upon completion, Energa will undergo a delisting of its shares from trading. The deal was approved by the Management Board of PKN Orlen. The tender offer will start on October 9, 2020 until November 20, 2020.
Is New 90 Day High Low • Sep 22New 90-day low: €1.64The company is down 11% from its price of €1.83 on 24 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.23 per share.
공시 • Jul 30Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) completed the acquisition of 80.01% stake in Energa SA (WSE:ENG) for PLN 2.8 billion.Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) launched a tender offer to acquire Energa SA (WSE:ENG) for PLN 2.9 billion on December 5, 2019. Under the terms of the acquisition, PKN ORLEN will acquire 414,067,114 shares of Energa consisting of 269,139,114 ordinary bearer shares and 114,928,000 certificated shares for PLN 7 per share. As reported on April 15, 2020, the offer price was increased to PLN 8.35 per share. On April 18, 2020, ORLEN signed an agreement for the acquisition of Energa. The transaction is subject to a resolution amending the articles of association of the Energa, to waive the voting restrictions referred to in 27(1)-(7) of the Articles of Association; the Supervisory Board of Energa has adopted a resolution adopting a consolidated text of the Articles of Association pursuant to § 17(1)(15) of the Articles of Association; the number of Shares subscribed for sale under the Tender Offer corresponds at least 66% of the aggregate number of votes; and a due diligence audit of Energa. As of February 26, 2020, Polski Koncern Naftowy ORLEN Spólka Akcyjna filed an application to European Commission to get the approval of the transaction and European Commission decision is expected to announce in first quarter of 2020. The European Commission (EC) approved the transaction on March 31, 2020. As of April 20, 2020, the condition reserved in the tender offer has been fulfilled. Shareholders in Energa will have between January 31, 2020 and April 9, 2020 to subscribe to the tender offer. The transaction is expected to complete on April 20, 2020. On March 26, 2020, ORLEN announced the decision to extend the subscription period until April 22, 2020. Maciej Mataczynski, Tomasz Jaranowski and Magdalena Cisowska of Sojka Maciak Mataczynski acted as legal advisors to Polski Koncern Naftowy ORLEN Spólka Akcyjna. Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE:PKN) completed the acquisition of 80.01% stake in Energa SA (WSE:ENG) for PLN 2.8 billion on April 22, 2020. Polski Koncern Naftowy ORLEN Spólka Akcyjna acquired 331.3 million shares in the offer. Powszechna Kasa Oszczednosci Bank Polski S.A. Oddzial - Biuro Maklerskie acted as intermediary in the tender offer.
공시 • Jul 10Energa SA to Report First Half, 2020 Results on Jul 30, 2020Energa SA announced that they will report first half, 2020 results on Jul 30, 2020