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- BIT:IB
Iniziative Bresciane Full Year 2024 Earnings: Revenues Miss Expectations
Iniziative Bresciane (BIT:IB) Full Year 2024 Results
Key Financial Results
- Revenue: €29.0m (up 14% from FY 2023).
- Net income: €4.20m (up 12% from FY 2023).
- Profit margin: 14% (in line with FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Iniziative Bresciane Revenues Disappoint
Revenue missed analyst estimates by 9.4%.
Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 1.3% growth forecast for the Renewable Energy industry in Europe.
Performance of the market in Italy.
The company's shares are down 2.1% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Iniziative Bresciane has 3 warning signs (and 1 which can't be ignored) we think you should know about.
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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.
About BIT:IB
Iniziative Bresciane
Engages in the design, construction, and management of medium and small hydroelectric plants in Italy.
Acceptable track record second-rate dividend payer.
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