2G Energy (ETR:2GB) First Half 2023 Results

Key Financial Results

• Revenue: €135.5m (up 19% from 1H 2022).

• Net income: €2.62m (up 50% from 1H 2022).

• Profit margin: 1.9% (up from 1.5% in 1H 2022). The increase in margin was driven by higher revenue.

• EPS: €0.15 (up from €0.097 in 1H 2022).

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

2G Energy Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Electrical industry in Germany.

Performance of the German Electrical industry.

The company's shares are down 2.3% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on 2G Energy's balance sheet.

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