Enefit Green Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Enefit Green (TAL:EGR1T) Full Year 2023 Results

Key Financial Results

• Revenue: €227.0m (down 11% from FY 2022).
• Net income: €55.8m (down 49% from FY 2022).
• Profit margin: 25% (down from 43% in FY 2022). The decrease in margin was primarily driven by higher expenses.
• EPS: €0.21 (down from €0.42 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Enefit Green Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Renewable Energy industry in Europe.

Performance of the market in Europe.

The company's shares are up 1.6% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Enefit Green (2 are significant!) that you need to be mindful of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.