HELLENiQ ENERGY Holdings Second Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St · 08/31 06:35

HELLENiQ ENERGY Holdings (ATH:ELPE) Second Quarter 2024 Results

Key Financial Results

  • Revenue: €3.27b (up 9.9% from 2Q 2023).
  • Net income: €30.0m (up 346% from 2Q 2023).
  • Profit margin: 0.9% (up from 0.2% in 2Q 2023). The increase in margin was driven by higher revenue.
  • EPS: €0.10 (up from €0.022 in 2Q 2023).
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ATSE:ELPE Earnings and Revenue Growth August 31st 2024

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

HELLENiQ ENERGY Holdings EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is expected to fall by 4.5% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Oil and Gas industry in Europe.

Performance of the market in Greece.

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

Risk Analysis

You should learn about the 3 warning signs we've spotted with HELLENiQ ENERGY Holdings (including 1 which doesn't sit too well with us).