Stock Analysis

Motor Oil (Hellas) Corinth Refineries Second Quarter 2024 Earnings: EPS: €1.56 (vs €0.36 in 2Q 2023)

ATSE:MOH
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Motor Oil (Hellas) Corinth Refineries (ATH:MOH) Second Quarter 2024 Results

Key Financial Results

  • Revenue: €3.26b (up 24% from 2Q 2023).
  • Net income: €168.3m (up 332% from 2Q 2023).
  • Profit margin: 5.2% (up from 1.5% in 2Q 2023). The increase in margin was driven by higher revenue.
  • EPS: €1.56 (up from €0.36 in 2Q 2023).
earnings-and-revenue-growth
ATSE:MOH Earnings and Revenue Growth August 30th 2024

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

Motor Oil (Hellas) Corinth Refineries Earnings Insights

Looking ahead, revenue is expected to fall by 4.5% p.a. on average during the next 3 years compared to a 1.0% decline forecast for the Oil and Gas industry in Europe.

Performance of the market in Greece.

The company's shares are down 1.4% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Motor Oil (Hellas) Corinth Refineries (including 1 which can't be ignored).

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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.