Societatea Energetica Electrica First Quarter 2023 Earnings: RON0.20 loss per share (vs RON0.47 loss in 1Q 2022)

Simply Wall St

May 19, 2023

Societatea Energetica Electrica (BVB:EL) First Quarter 2023 Results

Key Financial Results

Revenue: RON3.51b (up 36% from 1Q 2022).
Net loss: RON66.6m (loss narrowed by 58% from 1Q 2022).
RON0.20 loss per share (improved from RON0.47 loss in 1Q 2022).

earnings-and-revenue-growth — BVB:EL Earnings and Revenue Growth May 19th 2023

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

Societatea Energetica Electrica Earnings Insights

Looking ahead, revenue is expected to fall by 12% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Electric Utilities industry in Europe.

Performance of the market in Romania.

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

Risk Analysis

It is worth noting though that we have found 2 warning signs for Societatea Energetica Electrica that you need to take into consideration.

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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.