Stock Analysis
- Germany
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- Other Utilities
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- XTRA:MVV1
MVV Energie Full Year 2023 Earnings: EPS: €15.86 (vs €4.43 loss in FY 2022)
MVV Energie (ETR:MVV1) Full Year 2023 Results
Key Financial Results
- Revenue: €6.70b (up 12% from FY 2022).
- Net income: €1.05b (up from €292.1m loss in FY 2022).
- Profit margin: 16% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue.
- EPS: €15.86 (up from €4.43 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
The primary driver behind last 12 months revenue was the Customer Solutions segment contributing a total revenue of €6.95b (104% of total revenue). Notably, cost of sales worth €5.48b amounted to 82% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €541.3m (207% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of €81.4m. Explore how MVV1's revenue and expenses shape its earnings.
MVV Energie shares are up 6.2% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for MVV Energie you should be aware of, and 1 of them is potentially serious.
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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:MVV1
MVV Energie
Provides electricity, heat, gas, water, and waste treatment and disposal products primarily in Germany.