Societatea Energetica Electrica Third Quarter 2024 Earnings: EPS: RON0.59 (vs RON0.92 in 3Q 2023)

Societatea Energetica Electrica (BVB:EL) Third Quarter 2024 Results

Key Financial Results

• Revenue: RON2.66b (up 13% from 3Q 2023).
• Net income: RON200.4m (down 36% from 3Q 2023).
• Profit margin: 7.5% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: RON0.59 (down from RON0.92 in 3Q 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 decline by 13% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.1%.

Performance of the market in Romania.

The company's shares are down 1.9% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Societatea Energetica Electrica (1 is a bit unpleasant!) that you should be aware of before investing here.

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