Engie First Half 2024 Earnings: EPS: €0.78 (vs €0.37 loss in 1H 2023)

Engie (EPA:ENGI) First Half 2024 Results

Key Financial Results

• Revenue: €37.5b (down 20% from 1H 2023).
• Net income: €1.89b (up from €893.0m loss in 1H 2023).
• Profit margin: 5.0% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses.
• EPS: €0.78 (up from €0.37 loss in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Engie Earnings Insights

Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Integrated Utilities industry in Europe.

Performance of the market in France.

The company's shares are up 3.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Engie has 3 warning signs (and 1 which is a bit concerning) we think you should know about.

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