Pennon Group (LON:PNN) First Half 2023 Results
Key Financial Results
Revenue: UK£425.5m (up 9.3% from 1H 2022).
Net income: UK£18.3m (up from UK£22.3m loss in 1H 2022).
Profit margin: 4.3% (up from net loss in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pennon Group Earnings Insights
Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Global Water Utilities industry.
Performance of the market in the United Kingdom.
The company's shares are down 6.2% from a week ago.
Before we wrap up, we've discovered 3 warning signs for Pennon Group (2 don't sit too well with us!) that you should be aware of.
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