ACEA Full Year 2023 Earnings: Beats Expectations

ACEA (BIT:ACE) Full Year 2023 Results

Key Financial Results

• Revenue: €4.53b (down 10% from FY 2022).
• Net income: €293.9m (up 5.1% from FY 2022).
• Profit margin: 6.5% (up from 5.5% in FY 2022). The increase in margin was driven by lower expenses.
• EPS: €1.38 (up from €1.32 in FY 2022).

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

ACEA Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%.

Looking ahead, revenue is forecast to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat.

Performance of the market in Italy.

The company's shares are up 4.5% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with ACEA (including 1 which is a bit concerning).

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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.