- Enefit Green’s fourth-quarter EBITDA increased by 28% year-over-year, reaching €37.8 million.
- Fourth-quarter revenue was reported at €61.6 million.
- Net income for the fourth quarter rose by 43% year-over-year to €27.4 million.
- Electricity production significantly increased by 67% year-over-year, totaling 688 GWh.
- Heat production declined by 36% year-over-year, amounting to 110 GWh.
- For the full year 2024, EBITDA was €114.8 million, marking an 8.4% increase year-over-year, surpassing the estimate of €111.3 million.
- Total annual revenue for 2024 was €185.5 million.
- Annual net income in 2024 grew by 26% year-over-year, reaching €70.3 million.
- The decline in thermal energy production was attributed to the previous sale of biomass-based cogeneration and pellet businesses.
- The growth in electricity production was supported by new production assets, including the Sopi-Tootsi wind farm in Estonia, reaching full-capacity production of 255 MW.
- Analyst recommendations include 2 buys and 1 hold, with no sell recommendations.
A look at Enefit Green AS Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.6 |
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
Analysts at Smartkarma have assessed Enefit Green AS, a renewable energy company, using their Smart Scores, which range from 1 to 5 for different aspects. Enefit Green received a strong score of 4 for Value, indicating positive prospects in terms of its current valuation. However, the company’s scores for Dividend, Resilience, and Momentum are on the lower side, standing at 2, 2, and 2 respectively. This suggests that while Enefit Green may offer good value, there are challenges in terms of dividend payments, resilience to market fluctuations, and momentum for stock performance.
Looking ahead, the long-term outlook for Enefit Green AS, based on its Smart Scores, indicates a mixed picture. With a score of 3 for Growth, the company shows potential for expansion and development in the renewable energy sector. Despite facing some challenges in terms of dividends, resilience, and momentum, Enefit Green’s focus on generating electricity from various renewable sources like wind, solar, and hydropower positions it well to capitalize on the global shift towards sustainable energy solutions.
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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