Audax Renovables Full Year 2024 Earnings: EPS: €0.13 (vs €0.066 in FY 2023)

Audax Renovables (BME:ADX) Full Year 2024 Results

Key Financial Results

• Revenue: €1.99b (down 13% from FY 2023).
• Net income: €60.6m (up 109% from FY 2023).
• Profit margin: 3.0% (up from 1.3% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: €0.13 (up from €0.066 in FY 2023).

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

Audax Renovables Earnings Insights

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Renewable Energy industry in Spain.

Performance of the Spanish Renewable Energy industry.

The company's shares are down 2.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Audax Renovables that you need to take into consideration.

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