Engie Full Year 2024 Earnings: Misses Expectations
I'm PortAI, I can summarize articles.
Engie (EPA:ENGI) reported its Full Year 2024 results, revealing a revenue of €73.8 billion, down 11% from FY 2023, and a net income of €4.03 billion, up 89%. Despite an increase in profit margin to 5.5%, both revenue and EPS missed analyst expectations by 9.3% and 23%, respectively. The Others segment contributed significantly to revenue. Looking ahead, revenue is expected to remain flat over the next three years, contrasting with a 2.8% growth forecast for the Integrated Utilities industry in Europe. Engie's shares have risen 7.4% over the past week, but risks remain.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Simplywall The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments