Good Energy Group First Half 2024 Earnings: EPS: UK£0.16 (vs UK£0.72 in 1H 2023)

Good Energy Group (LON:GOOD) First Half 2024 Results

Key Financial Results

• Revenue: UK£97.4m (down 38% from 1H 2023).
• Net income: UK£2.62m (down 78% from 1H 2023).
• Profit margin: 2.7% (down from 7.7% in 1H 2023). The decrease in margin was driven by lower revenue.
• EPS: UK£0.16 (down from UK£0.72 in 1H 2023).

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

Good Energy Group Earnings Insights

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Renewable Energy industry in Europe.

Performance of the market in the United Kingdom.

The company's shares are down 5.5% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Good Energy Group that you need to be mindful of.

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