TAURON Polska Energia Full Year 2023 Earnings: Misses Expectations

TAURON Polska Energia (WSE:TPE) Full Year 2023 Results

Key Financial Results

• Revenue: zł50.7b (up 38% from FY 2022).
• Net income: zł1.67b (up from zł209.0m loss in FY 2022).
• Profit margin: 3.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
• EPS: zł0.95 (up from zł0.12 loss in FY 2022).

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

TAURON Polska Energia Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 25%.

Looking ahead, revenue is forecast to decline by 11% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.

Performance of the market in Poland.

The company's shares are up 1.6% from a week ago.

Risk Analysis

Be aware that TAURON Polska Energia is showing 1 warning sign in our investment analysis that you should know about...

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