Stock Analysis
2G Energy (ETR:2GB) Full Year 2023 Results
Key Financial Results
- Revenue: €368.4m (up 18% from FY 2022).
- Net income: €17.9m (up 9.5% from FY 2022).
- Profit margin: 4.9% (down from 5.2% 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
2G Energy Revenues Beat Expectations
Revenue exceeded analyst estimates by 1.7%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electrical industry in Germany.
Performance of the German Electrical industry.
The company's shares are up 1.3% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on 2G Energy's balance sheet health.
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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.
About XTRA:2GB
Flawless balance sheet average dividend payer.
