Endesa Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Endesa (BME:ELE) Full Year 2024 Results

Key Financial Results

• Revenue: €20.9b (down 17% from FY 2023).
• Net income: €1.89b (up 154% from FY 2023).
• Profit margin: 9.0% (up from 3.0% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: €1.78 (up from €0.70 in FY 2023).

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

Endesa EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 19%. Earnings per share (EPS) exceeded analyst estimates by 2.3%.

The primary driver behind last 12 months revenue was the Generation and Supply - Energy Supply segment contributing a total revenue of €16.1b (77% of total revenue). Notably, cost of sales worth €12.4b amounted to 59% of total revenue thereby underscoring the impact on earnings.Explore how ELE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Electric Utilities industry in Europe.

Performance of the market in Spain.

The company's shares are down 3.7% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Endesa that you need to be mindful of.

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