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- TLSE:EGR1T
Enefit Green Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Enefit Green (TAL:EGR1T) Full Year 2023 Results
Key Financial Results
- Revenue: €227.0m (down 11% from FY 2022).
- Net income: €55.8m (down 49% from FY 2022).
- Profit margin: 25% (down from 43% in FY 2022). The decrease in margin was primarily driven by higher expenses.
- EPS: €0.21 (down from €0.42 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Enefit Green Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) missed analyst estimates by 19%.
Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Renewable Energy industry in Europe.
Performance of the market in Europe.
The company's shares are up 1.6% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 4 warning signs for Enefit Green (2 are significant!) that you need to be mindful of.
Valuation is complex, but we're helping make it simple.
Find out whether Enefit Green is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About TLSE:EGR1T
Enefit Green
Enefit Green AS engages in the renewable energy production business.
Undervalued with mediocre balance sheet.