Iren (BIT:IRE) Full Year 2023 Results
Key Financial Results
- Revenue: €6.49b (down 16% from FY 2022).
- Net income: €254.8m (up 13% from FY 2022).
- Profit margin: 3.9% (up from 2.9% in FY 2022). The increase in margin was driven by lower expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Iren Earnings Insights
Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 2 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat.
Performance of the market in Italy.
The company's share price is broadly unchanged from a week ago.
Valuation
It's possible that Iren could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.
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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:IRE
Very undervalued 6 star dividend payer.
