New Risk • Jun 05
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 8.5% 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 Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings have declined by 3.2% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (0.2% net profit margin). Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Member of the Supervisory Board Marton Olah was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Dec 20
ALTEO Energy Services Public Limited Company, Annual General Meeting, Apr 16, 2025 ALTEO Energy Services Public Limited Company, Annual General Meeting, Apr 16, 2025. Reported Earnings • Sep 04
Second quarter 2024 earnings released: EPS: Ft158 (vs Ft161 in 2Q 2023) Second quarter 2024 results: EPS: Ft158 (down from Ft161 in 2Q 2023). Revenue: Ft23.1b (up 1.4% from 2Q 2023). Net income: Ft3.13b (down 2.6% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Renewable Energy industry in Germany. New Risk • Aug 06
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 6.7% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €9.08, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 25x in the Renewable Energy industry in Germany. Total returns to shareholders of 46% over the past year. Reported Earnings • May 22
First quarter 2024 earnings released: EPS: Ft128 (vs Ft291 in 1Q 2023) First quarter 2024 results: EPS: Ft128 (down from Ft291 in 1Q 2023). Revenue: Ft26.7b (down 26% from 1Q 2023). Net income: Ft2.55b (down 56% from 1Q 2023). Profit margin: 9.6% (down from 16% in 1Q 2023). The decrease in margin was driven by lower revenue. Upcoming Dividend • May 21
Upcoming dividend of Ft403 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 07 June 2024. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.7%). Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €8.72, the stock trades at a trailing P/E ratio of 5.5x. Average forward P/E is 19x in the Renewable Energy industry in Germany. Total returns to shareholders of 24% over the past year. Announcement • Mar 20
ALTEO Energy Services Public Limited Company, , Annual General Meeting, Apr 19, 2024 ALTEO Energy Services Public Limited Company, , Annual General Meeting, Apr 19, 2024, at 10:00 Central European Standard Time. Location: Conference Hall I of the Bank Center at H-1054 Budapest, Szabadság tér 7 Budapest Hungary Agenda: To consider decision on the adoption of the company's individual annual report for 2023 under the international financial reporting standards its business report, the report of he board of directors and the auditor's report, and presentation of the relevant reports of the audit committee and the supervisory board; to consider decision on the adoption of the company's consolidated annual report for 2023 under the international financial reporting standards, its business report, the report of the board of directors and the auditor's report, and presentation of the relevant reports of the audit committee and the supervisory board; to consider decision on the acceptance of the corporate governance report prepared by the board of directors for submission to the Budapest stock exchange; to consider decision on the integrated report of ALTEO group for 2023; to consider decision on the use of the 2023 profit after taxation; and to consider other issues. Reported Earnings • Aug 30
First half 2023 earnings released: EPS: Ft451 (vs Ft414 in 1H 2022) First half 2023 results: EPS: Ft451 (up from Ft414 in 1H 2022). Revenue: Ft58.9b (up 55% from 1H 2022). Net income: Ft8.96b (up 11% from 1H 2022). Profit margin: 15% (down from 21% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Renewable Energy industry in Germany. Reported Earnings • Nov 18
Third quarter 2021 earnings released Third quarter 2021 results: Revenue: Ft9.27b (up 10% from 3Q 2020). Net income: Ft2.09b (up Ft2.32b from 3Q 2020). Profit margin: 23% (up from net loss in 3Q 2020). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 4 years, compared to a 5.1% growth forecast for the Renewable Energy industry in Germany. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Member of the Supervisory Board Attila Suto was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Member of the Supervisory Board Attila Suto was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 12
ALTEO Energy Services Public Limited Company, Annual General Meeting, Apr 19, 2022 ALTEO Energy Services Public Limited Company, Annual General Meeting, Apr 19, 2022. Agenda: To consider decision on the acceptance of the Company's separate financial statements, the business report and the report of the Board of Directors prepared for the fiscal year 2021 according to the Hungarian Accounting Standards; to consider decision on the acceptance of the company's consolidated financial statements prepared in accordance with IFRSs, the business (annual) report and the report of the Board of Directors prepared for the fiscal year 2021; to consider decision on the acceptance of the corporate governance report prepared by the Board of Directors for submission to the Budapest Stock Exchange; to consider decision on the Integrated Report of ALTEO Group for 2021; to consider decision on the use of the 2021 profit after taxation; to consider decision on the discharge that can be granted to the Directors of the company; and to transact other business. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €5.00, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 29x in the Renewable Energy industry in Europe. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 17% share price gain to €5.96, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 28x in the Renewable Energy industry in Europe. Board Change • Nov 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Member of the Supervisory Board Süto Attila was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
