Solaria Energía y Medio Ambiente (BME:SLR) Second Quarter 2024 Results
Key Financial Results
- Revenue: €49.3m (down 10% from 2Q 2023).
- Net income: €18.0m (down 28% from 2Q 2023).
- Profit margin: 37% (down from 46% in 2Q 2023). The decrease in margin was primarily driven by lower revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Solaria Energía y Medio Ambiente Earnings Insights
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Renewable Energy industry in Spain.
Performance of the Spanish Renewable Energy industry.
The company's shares are up 1.2% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Solaria Energía y Medio Ambiente (1 doesn't sit too well with us!) that we have uncovered.
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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.
About BME:SLR
Fair value with limited growth.
