CNTEE Transelectrica First Half 2023 Earnings: EPS: RON2.24 (vs RON0.43 in 1H 2022)

CNTEE Transelectrica (BVB:TEL) First Half 2023 Results

Key Financial Results

• Revenue: RON2.20b (down 16% from 1H 2022).
• Net income: RON164.1m (up 419% from 1H 2022).
• Profit margin: 7.5% (up from 1.2% in 1H 2022). The increase in margin was driven by lower expenses.
• EPS: RON2.24 (up from RON0.43 in 1H 2022).

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

CNTEE Transelectrica Earnings Insights

Looking ahead, revenue is expected to fall by 12% p.a. on average during the next 3 years compared to a 4.1% decline forecast for the Electric Utilities industry in Europe.

Performance of the market in Romania.

The company's shares are down 4.8% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for CNTEE Transelectrica (1 is potentially serious!) that you should be aware of before investing here.

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