Stock Analysis

Ryanair Holdings Full Year 2024 Earnings: In Line With Expectations

Simply Wall St

May 23, 2024

Ryanair Holdings (ISE:RYA) Full Year 2024 Results

Key Financial Results

Revenue: €13.4b (up 25% from FY 2023).
Net income: €1.92b (up 46% from FY 2023).
Profit margin: 14% (up from 12% in FY 2023). The increase in margin was driven by higher revenue.
EPS: €1.68 (up from €1.16 in FY 2023).

RYA Operational Performance

Total aircraft: 584 (up by 47 from FY 2023).

revenue-and-expenses-breakdown — ISE:RYA Revenue and Expenses Breakdown May 23rd 2024

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

Ryanair Holdings Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Ryanair DAC segment contributing a total revenue of €14.1b (105% of total revenue). Notably, cost of sales worth €9.57b amounted to 71% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to €1.06b (54% of total expenses). Explore how RYA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Airlines industry in Europe.

Performance of the market in Ireland.

The company's shares are down 2.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Ryanair Holdings that you need to be mindful 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.