Italgas Reports Second Quarter 2024 Earnings

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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