- EBITDA for the fiscal year was reported at €1.27 billion, marking a 6.4% increase year-over-year, and exceeding the estimate of €1.25 billion.
- Revenue came in at €6.04 billion, showing a decrease of 6.9% year-over-year, and fell short of the estimated €6.24 billion.
- Net income was reported at €268.5 million, a 5.3% rise from the previous year, surpassing the projected €266 million.
- Dividend per share was set at €0.1283, slightly below the estimated €0.13.
- Future financial growth is anticipated due to investments in regulated businesses, enhanced waste treatment profitability, the start of operations at the Noto photovoltaic plant, and maintaining a stable customer base amid a competitive environment.
- The company plans for the early consolidation of the EGEA Group to bolster financial results in 2025.
- Market analysis shows 5 buy recommendations, 1 hold, and no sell recommendations for Iren shares.
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A look at Iren SpA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
IREN S.p.A., a company specializing in generating, distributing, and selling electricity and district heating, is positioned for a positive long-term outlook based on Smartkarma Smart Scores. With high scores in Dividend and Value, coupled with solid Momentum, the company is showing strength in providing returns to investors while maintaining fundamental value. However, lower scores in Growth and Resilience suggest room for improvement in expanding operations and withstanding market challenges. Overall, Iren SpA‘s performance indicators indicate a solid foundation with potential for growth and stability in the future.
IREN S.p.A.’s strong focus on dividends and value, along with positive momentum, sets a promising tone for its long-term prospects. The company’s core operations in electricity, district heating, natural gas distribution, and water services provide a diversified revenue stream. While there are areas for enhancement in growth strategies and resilience to market fluctuations, the overall outlook remains optimistic for Iren SpA. Investors may find the company attractive for its dividend stability and value proposition, supported by a foundation in essential utility services.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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