ERG Reports Third Quarter 2024 Earnings

ERG (BIT:ERG) Third Quarter 2024 Results

Key Financial Results

• Revenue: €170.0m (up 13% from 3Q 2023).
• Net income: €25.0m (down 29% from 3Q 2023).
• Profit margin: 15% (down from 23% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: €0.17.

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

ERG Earnings Insights

Looking ahead, revenue is forecast to grow 7.5% 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 Italy.

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

Risk Analysis

Be aware that ERG is showing 1 warning sign in our investment analysis that you should know about...

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