Energisa Reports Full Year 2023 Earnings

Energisa (BVMF:ENGI3) Full Year 2023 Results

Key Financial Results

• Revenue: R$28.5b (up 7.7% from FY 2022).
• Net income: R$1.89b (down 11% from FY 2022).
• Profit margin: 6.6% (down from 8.1% in FY 2022). The decrease in margin was driven by higher expenses.

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

Energisa Earnings Insights

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Electric Utilities industry in Brazil.

Performance of the Brazilian Electric Utilities industry.

The company's shares are down 1.5% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Energisa (1 is concerning!) that you should be aware of before investing here.

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