SIMEC Atlantis Energy Full Year 2024 Earnings: Misses Expectations

SIMEC Atlantis Energy (LON:SAE) Full Year 2024 Results

Key Financial Results

• Revenue: UK£15.1m (down 1.1% from FY 2023).
• Net loss: UK£20.1m (down by 179% from UK£25.4m profit in FY 2023).
• UK£0.03 loss per share (down from UK£0.035 profit in FY 2023).

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

SIMEC Atlantis Energy Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 83%.

Looking ahead, revenue is expected to decline by 6.3% p.a. on average during the next 3 years, while revenues in the Electrical industry in the United Kingdom are expected to grow by 15%.

Performance of the British Electrical industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - SIMEC Atlantis Energy has 1 warning sign we think you should be aware of.

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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.