Acciona Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Acciona (BME:ANA) Full Year 2023 Results

Key Financial Results

• Revenue: €18.0b (up 47% from FY 2022).
• Net income: €541.0m (up 23% from FY 2022).
• Profit margin: 3.0% (down from 3.6% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: €9.89 (up from €8.06 in FY 2022).

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

Acciona Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 7.7%.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Electric Utilities industry in Spain.

Performance of the Spanish Electric Utilities industry.

The company's shares are up 2.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Acciona (1 is a bit unpleasant!) that you should be aware of.

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