Solaria Energía y Medio Ambiente Reports Third Quarter 2024 Earnings

Solaria Energía y Medio Ambiente (BME:SLR) Third Quarter 2024 Results

Key Financial Results

• Revenue: €59.5m (down 18% from 3Q 2023).
• Net income: €15.5m (down 57% from 3Q 2023).
• Profit margin: 26% (down from 50% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: €0.12.

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 1.7% growth forecast for the Renewable Energy industry in Spain.

Performance of the Spanish Renewable Energy industry.

The company's shares are down 11% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Solaria Energía y Medio Ambiente (of which 1 is a bit concerning!) you should know about.

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