Redeia Corporación Reports Second Quarter 2024 Earnings

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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