ALTEO Energy Services Third Quarter 2024 Earnings: EPS: Ft134 (vs Ft121 in 3Q 2023)

ALTEO Energy Services (BUSE:ALTEO) Third Quarter 2024 Results

Key Financial Results

• Revenue: Ft25.0b (up 39% from 3Q 2023).
• Net income: Ft2.67b (up 11% from 3Q 2023).
• Profit margin: 11% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: Ft134 (up from Ft121 in 3Q 2023).

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

ALTEO Energy Services Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Renewable Energy industry in Europe.

Performance of the market in Hungary.

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

Risk Analysis

Before you take the next step you should know about the 1 warning sign for ALTEO Energy Services that we have uncovered.

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