Reported Earnings • Jun 04
First quarter 2026 earnings released First quarter 2026 results: Revenue: zł390.0m (down 20% from 1Q 2025). Net income: zł34.0m (down 57% from 1Q 2025). Profit margin: 8.7% (down from 16% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. New Risk • May 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 52% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). Buy Or Sell Opportunity • May 21
Now 41% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to €0.90. The fair value is estimated to be €0.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.1% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 72% in 2 years. Earnings are forecast to decline by 64% in the next 2 years. Announcement • Nov 05
Grenevia S.A. to Report Q3, 2025 Results on Nov 07, 2025 Grenevia S.A. announced that they will report Q3, 2025 results on Nov 07, 2025 Announcement • Aug 20
Grenevia S.A. to Report First Half, 2025 Results on Aug 28, 2025 Grenevia S.A. announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • May 13
Grenevia S.A., Annual General Meeting, Jun 09, 2025 Grenevia S.A., Annual General Meeting, Jun 09, 2025. Announcement • Apr 28
Grenevia S.A. to Report Q1, 2025 Results on May 30, 2025 Grenevia S.A. announced that they will report Q1, 2025 results on May 30, 2025 Announcement • Feb 06
Grenevia S.A. to Report Fiscal Year 2024 Results on Apr 28, 2025 Grenevia S.A. announced that they will report fiscal year 2024 results on Apr 28, 2025 Announcement • Jan 17
TDJ Equity I sp. z o.o. proposed to acquire 49.41% stake in Grenevia S.A. (WSE:GEA) for approximately PLN 600 million. TDJ Equity I sp. z o.o. proposed to acquire 49.41% stake in Grenevia S.A. (WSE:GEA) for approximately PLN 600 million on January 17, 2025. Upon completion, TDJ Equity I sp. z o.o. will own 100% stake in Grenevia S.A. In this transaction, TDJ intends to acquire the remaining almost 284 million shares at a price of PLN 2.12 per share. If the threshold of 95% is reached, TDJ will consider a squeeze-out of the minority shareholders. Reported Earnings • Nov 10
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: zł437.0m (up 19% from 3Q 2023). Net income: zł63.0m (down 14% from 3Q 2023). Profit margin: 14% (down from 20% in 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Aug 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 27% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 30
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł451.0m (up 9.7% from 2Q 2023). Net income: zł48.0m (down 24% from 2Q 2023). Profit margin: 11% (down from 15% in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Jun 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • May 30
First quarter 2024 earnings released: EPS: zł0.10 (vs zł0.10 in 1Q 2023) First quarter 2024 results: EPS: zł0.10 (down from zł0.10 in 1Q 2023). Revenue: zł474.0m (up 28% from 1Q 2023). Net income: zł55.0m (down 8.3% from 1Q 2023). Profit margin: 12% (down from 16% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 25
Grenevia S.A., Annual General Meeting, Jun 21, 2024 Grenevia S.A., Annual General Meeting, Jun 21, 2024. Reported Earnings • Apr 24
Full year 2023 earnings released: EPS: zł0.54 (vs zł0.44 in FY 2022) Full year 2023 results: EPS: zł0.54 (up from zł0.44 in FY 2022). Revenue: zł1.02b (down 13% from FY 2022). Net income: zł311.0m (up 23% from FY 2022). Profit margin: 31% (up from 22% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Apr 15
Grenevia S.A. to Report Fiscal Year 2023 Results on Apr 22, 2024 Grenevia S.A. announced that they will report fiscal year 2023 results on Apr 22, 2024 New Risk • Nov 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: zł0.13 (vs zł0.10 in 3Q 2022) Third quarter 2023 results: EPS: zł0.13 (up from zł0.10 in 3Q 2022). Revenue: zł368.0m (up 20% from 3Q 2022). Net income: zł73.0m (up 24% from 3Q 2022). Profit margin: 20% (in line with 3Q 2022). Revenue is expected to decline by 6.0% p.a. on average during the next 3 years, while revenues in the Machinery industry in Germany are expected to grow by 3.4%. Buying Opportunity • Oct 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be €0.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.2% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to decline by 3.4% per annum. Earnings is also forecast to decline by 8.3% per annum over the same time period. Reported Earnings • Aug 30
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł411.0m (up 42% from 2Q 2022). Net income: zł63.0m (down 8.7% from 2Q 2022). Profit margin: 15% (down from 24% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Announcement • Jul 23
Grenevia S.A. acquired a 75% stake in Total Wind Pl Sp Z O O for €4.5 million. Grenevia S.A. acquired a 75% stake in Total Wind Pl Sp Z O O for €4.5 million on July 20, 2023.Grenevia S.A. completed the acquisition of a 75% stake in Total Wind Pl Sp Z O O on July 20, 2023. Announcement • May 31
Grenevia S.A., Annual General Meeting, Jun 27, 2023 Grenevia S.A., Annual General Meeting, Jun 27, 2023, at 12:30 Central European Standard Time. Reported Earnings • Apr 28
Full year 2022 earnings released: EPS: zł0.44 (vs zł0.059 in FY 2021) Full year 2022 results: EPS: zł0.44 (up from zł0.059 in FY 2021). Revenue: zł1.17b (up 11% from FY 2021). Net income: zł252.0m (up zł218.0m from FY 2021). Profit margin: 22% (up from 3.2% in FY 2021). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Reported Earnings • Nov 11
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: zł307.0m (up 29% from 3Q 2021). Net income: zł59.0m (up 44% from 3Q 2021). Profit margin: 19% (up from 17% in 3Q 2021). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Announcement • Nov 10
Famur S.A. (WSE:FMF) agreed to acquire 51% of Impact Clean Power Technology S.A. from PRIVATE PERSON for € 59.12 million. Famur S.A. (WSE:FMF) agreed to acquire 51% of Impact Clean Power Technology S.A. from PRIVATE PERSON for € 59.12 million on November 8, 2022. The acquisition will be financed with proceeds from the issue of Green Bonds in 2021. Buying Opportunity • Oct 15
Now 21% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be €0.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 31% over the last 3 years. Earnings per share has declined by 59%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: zł0.12 (vs zł0.04 in 2Q 2021) Second quarter 2022 results: EPS: zł0.12 (up from zł0.04 in 2Q 2021). Revenue: zł290.0m (up 19% from 2Q 2021). Net income: zł69.0m (up 214% from 2Q 2021). Profit margin: 24% (up from 9.0% in 2Q 2021). Over the next year, revenue is forecast to grow 30%, compared to a 8.8% growth forecast for the Machinery industry in Germany. Announcement • Jun 28
Alternus Energy Group plc (OB:ALT) signed agreements to acquire 184 megawatts (MW) of PV Solar from Famur S.A. (WSE:FMF) and Projekt-Solartechnik Spolka Akcyjna for PLN 750 million. Alternus Energy Group plc (OB:ALT) signed agreements to acquire 184 megawatts (MW) of PV Solar from Famur S.A. (WSE:FMF) and Projekt-Solartechnik Spolka Akcyjna for PLN 750 million on June 27, 2022.The entire 184MW portfolio is expected to achieve COD by mid-2023. Buying Opportunity • Jun 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.8%. The fair value is estimated to be €0.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings is forecast to decline by 7.2% per annum over the same time period. Announcement • May 31
Famur S.A., Annual General Meeting, Jun 22, 2022 Famur S.A., Annual General Meeting, Jun 22, 2022, at 12:00 Central European Standard Time. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS zł0.07 (vs zł0.12 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: zł238.0m (down 6.3% from 3Q 2020). Net income: zł41.0m (down 42% from 3Q 2020). Profit margin: 17% (down from 28% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Reported Earnings • Sep 02
Second quarter 2021 earnings released: EPS zł0.04 (vs zł0.05 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: zł244.0m (up 9.4% from 2Q 2020). Net income: zł22.0m (down 24% from 2Q 2020). Profit margin: 9.0% (down from 13% in 2Q 2020). The decrease in margin was driven by higher expenses.