PGE Polska Grupa Energetyczna First Quarter 2024 Earnings: EPS: zł0.40 (vs zł0.77 in 1Q 2023)

Simply Wall St

May 29, 2024

PGE Polska Grupa Energetyczna (WSE:PGE) First Quarter 2024 Results

Key Financial Results

Revenue: zł16.8b (down 38% from 1Q 2023).
Net income: zł893.0m (down 48% from 1Q 2023).
Profit margin: 5.3% (down from 6.3% in 1Q 2023).
EPS: zł0.40 (down from zł0.77 in 1Q 2023).

earnings-and-revenue-growth — WSE:PGE Earnings and Revenue Growth May 29th 2024

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

PGE Polska Grupa Energetyczna Earnings Insights

Looking ahead, revenue is expected to decline by 14% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.0%.

Performance of the market in Poland.

The company's shares are down 7.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of PGE Polska Grupa Energetyczna's balance sheet and an in-depth analysis of the company's financial position.

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