Redeia Corporación Full Year 2024 Earnings: Revenues Miss Expectations

Redeia Corporación (BME:RED) Full Year 2024 Results

Key Financial Results

• Revenue: €1.71b (down 19% from FY 2023).
• Net income: €506.6m (down 27% from FY 2023).
• Profit margin: 30% (down from 33% in FY 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

Redeia Corporación Revenues Disappoint

Revenue missed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Electric Utilities industry in Europe.

Performance of the market in Spain.

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

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Redeia Corporación's balance sheet and an in-depth analysis of the company's financial position.

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