Elecnor Reports First Half 2024 Earnings

Elecnor (BME:ENO) First Half 2024 Results

Key Financial Results

• Revenue: €1.73b (down 9.1% from 1H 2023).
• Net income: €19.8m (down 58% from 1H 2023).
• Profit margin: 1.1% (down from 2.5% in 1H 2023). The decrease in margin was driven by lower revenue.

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

Elecnor Earnings Insights

Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Construction industry in Spain.

Performance of the Spanish Construction industry.

The company's shares are down 1.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Elecnor (1 doesn't sit too well with us!) that you need to take into consideration.

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