Advanced Energy Solution Holding Second Quarter 2024 Earnings: Revenues Disappoint

Simply Wall St · 09/01 02:00

Advanced Energy Solution Holding (TWSE:6781) Second Quarter 2024 Results

Key Financial Results

  • Revenue: NT$2.17b (down 8.3% from 2Q 2023).
  • Net income: NT$445.6m (up 1.4% from 2Q 2023).
  • Profit margin: 21% (up from 19% in 2Q 2023). The increase in margin was driven by lower expenses.
  • EPS: NT$5.22 (up from NT$5.15 in 2Q 2023).
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TWSE:6781 Earnings and Revenue Growth September 1st 2024

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

Advanced Energy Solution Holding Revenues Disappoint

Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electrical industry in Taiwan.

Performance of the Taiwanese Electrical industry.

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

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Advanced Energy Solution Holding (1 is a bit concerning!) that you should be aware of.