RWE Full Year 2023 Earnings: Misses Expectations

RWE (ETR:RWE) Full Year 2023 Results

Key Financial Results

• Revenue: €28.6b (down 26% from FY 2022).
• Net income: €1.45b (down 47% from FY 2022).
• Profit margin: 5.1% (down from 7.1% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: €1.95 (down from €3.93 in FY 2022).

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

RWE Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 30%. Earnings per share (EPS) also missed analyst estimates by 67%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Renewable Energy industry in Germany.

Performance of the German Renewable Energy industry.

The company's shares are down 5.0% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with RWE (including 1 which makes us a bit uncomfortable).

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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.