ERG Full Year 2024 Earnings: Revenues Miss Expectations

ERG (BIT:ERG) Full Year 2024 Results

Key Financial Results

• Revenue: €789.0m (up 6.5% from FY 2023).
• Net income: €175.0m (down 18% from FY 2023).
• Profit margin: 22% (down from 29% in FY 2023). The decrease in margin was driven by higher expenses.

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

ERG Revenues Disappoint

Revenue missed analyst estimates by 3.4%.

Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Renewable Energy industry in Europe.

Performance of the market in Italy.

The company's shares are up 1.2% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for ERG that you should be aware of.

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