MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság Second Quarter 2024 Earnings: Revenues Beat Expectations

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (BUSE:MOL) Second Quarter 2024 Results

Key Financial Results

• Revenue: Ft2.41t (up 23% from 2Q 2023).
• Net income: Ft165.3b (up 111% from 2Q 2023).
• Profit margin: 6.9% (up from 4.0% in 2Q 2023). The increase in margin was driven by higher revenue.

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

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság Revenues Beat Expectations

Revenue exceeded analyst estimates by 3.7%.

Looking ahead, revenue is expected to fall by 4.5% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Oil and Gas industry in Europe.

Performance of the market in Hungary.

The company's shares are down 2.5% from a week ago.

Valuation

Following the latest earnings results, MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság may be undervalued based on 6 different valuation benchmarks we assess. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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