Elia Group Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

March 11, 2025

Elia Group (EBR:ELI) Full Year 2024 Results

Key Financial Results

Revenue: €3.77b (down 2.0% from FY 2023).
Net income: €421.3m (up 30% from FY 2023).
Profit margin: 11% (up from 8.4% in FY 2023). The increase in margin was driven by lower expenses.
EPS: €5.73 (up from €4.42 in FY 2023).

revenue-and-expenses-breakdown — ENXTBR:ELI Revenue and Expenses Breakdown March 11th 2025

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

Elia Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) exceeded analyst estimates by 11%.

The primary driver behind last 12 months revenue was the 50Hertz Transmission segment contributing a total revenue of €2.57b (68% of total revenue). Notably, cost of sales worth €2.09b amounted to 56% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to €619.4m (50% of total expenses). Explore how ELI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Electric Utilities industry in Europe.

Performance of the market in Belgium.

The company's shares are up 20% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Elia Group.

Valuation is complex, but we're here to simplify it.

Discover if Elia Group might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.