Redeia Corporación (BME:RED) Second Quarter 2024 Results
Key Financial Results
- Revenue: €507.5m (up 3.6% from 2Q 2023).
- Net income: €137.0m (down 21% from 2Q 2023).
- Profit margin: 27% (down from 36% in 2Q 2023). The decrease in margin was driven by higher expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Redeia Corporación Earnings Insights
Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe.
Performance of the market in Spain.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Redeia Corporación that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About BME:RED
Redeia Corporación
Engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally.
Established dividend payer and good value.
