E.ON First Quarter 2024 Earnings: EPS: €0.22 (vs €0.055 loss in 1Q 2023)

E.ON (ETR:EOAN) First Quarter 2024 Results

Key Financial Results

• Revenue: €27.2b (down 20% from 1Q 2023).
• Net income: €584.0m (up from €143.0m loss in 1Q 2023).
• Profit margin: 2.2% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses.
• EPS: €0.22 (up from €0.055 loss in 1Q 2023).

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

E.ON Earnings Insights

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Integrated Utilities industry in Europe.

Performance of the market in Germany.

The company's shares are down 5.3% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for E.ON that you should be aware of before investing here.

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