REN - Redes Energéticas Nacionais SGPS Full Year 2023 Earnings: Beats Expectations

REN - Redes Energéticas Nacionais SGPS (ELI:RENE) Full Year 2023 Results

Key Financial Results

• Revenue: €947.9m (up 20% from FY 2022).
• Net income: €149.2m (up 34% from FY 2022).
• Profit margin: 16% (up from 14% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: €0.22 (up from €0.17 in FY 2022).

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

REN - Redes Energéticas Nacionais SGPS Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 17%.

Looking ahead, revenue is forecast to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat.

Performance of the market in Portugal.

The company's share price is broadly unchanged from a week ago.

Valuation

REN - Redes Energéticas Nacionais SGPS' financial results now indicate the company's shares could present an opportunity based on 6 important indicators. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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