Emirates Telecommunications Group Company PJSC Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Emirates Telecommunications Group Company PJSC (ADX:EAND) Full Year 2024 Results

Key Financial Results

• Revenue: د.إ59.2b (up 10% from FY 2023).
• Net income: د.إ10.8b (up 4.3% from FY 2023).
• Profit margin: 18% (down from 19% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: د.إ1.24 (up from د.إ1.19 in FY 2023).

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

Emirates Telecommunications Group Company PJSC Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the E& UAE segment contributing a total revenue of د.إ33.1b (56% of total revenue). Notably, cost of sales worth د.إ38.2b amounted to 64% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling د.إ8.18b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how EAND's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Telecom industry in Asia.

Performance of the market in United Arab Emirates.

The company's shares are up 3.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Emirates Telecommunications Group Company PJSC that we have uncovered.

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