Italgas (BIT:IG) Second Quarter 2024 Results
Key Financial Results
- Revenue: €431.1m (down 46% from 2Q 2023).
- Net income: €116.8m (up 6.5% from 2Q 2023).
- Profit margin: 27% (up from 14% in 2Q 2023). The increase in margin was driven by lower expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Italgas Earnings Insights
Looking ahead, revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to grow by 2.4%.
Performance of the market in Italy.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Italgas (1 doesn'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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About BIT:IG
Undervalued with proven track record.
