Ascopiave Second Quarter 2024 Earnings: EPS: €0.052 (vs €0.029 in 2Q 2023)

Simply Wall St

August 01, 2024

Ascopiave (BIT:ASC) Second Quarter 2024 Results

Key Financial Results

Revenue: €51.7m (up 20% from 2Q 2023).
Net income: €11.3m (up 81% from 2Q 2023).
Profit margin: 22% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue.
EPS: €0.052 (up from €0.029 in 2Q 2023).

earnings-and-revenue-history — BIT:ASC Earnings and Revenue History August 1st 2024

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

Ascopiave Earnings Insights

Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Gas Utilities industry in Europe.

Performance of the market in Italy.

The company's shares are up 2.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Ascopiave (2 don't sit too well with us!) that we have uncovered.

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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.

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