VERBUND Second Quarter 2024 Earnings: EPS: €1.16 (vs €2.18 in 2Q 2023)

VERBUND (VIE:VER) Second Quarter 2024 Results

Key Financial Results

• Revenue: €1.91b (down 45% from 2Q 2023).
• Net income: €404.0m (down 47% from 2Q 2023).
• Profit margin: 21% (in line with 2Q 2023).
• EPS: €1.16 (down from €2.18 in 2Q 2023).

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

VERBUND Earnings Insights

Looking ahead, revenue is expected to decline by 8.6% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.9%.

Performance of the market in Austria.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - VERBUND has 2 warning signs (and 1 which is a bit unpleasant) we think you should know about.

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