Redeia Corporacion S.A.

RED

ES0173093024

Electric Utilities

Market Closed - BME Other stock markets 11:35:26 2024-04-26 am EDT			5-day change	1st Jan Change
15.57 ^EUR	-0.45%		-2.32%	+4.43%

Mar. 06	Spain's Indra sees revenue, profit soaring on European defence spending	RE
Feb. 28	Redeia Corporación, S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	CI

Redeia Corporación, S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

February 28, 2024 at 11:15 am EST

Redeia Corporación, S.A. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was EUR 515.6 million compared to EUR 492 million a year ago. Net income was EUR 154.3 million compared to EUR 113.3 million a year ago.

Latest news about Redeia Corporacion S.A.

Spain's Indra sees revenue, profit soaring on European defence spending	Mar. 06	RE
Redeia Corporación, S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 28	CI
Redeia Corporación, S.A. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 28	CI
Transcript : Redeia Corporación, S.A., 2023 Earnings Call, Feb 28, 2024	Feb. 28
Electricity demand in Spain falls for second consecutive year	Jan. 04	RE
Spain's electricity demand drops for second year in a row	Jan. 04	RE
Spain's Redeia Issues EUR500 Million Green Bonds	Jan. 04	MT
Indra Sistemas Mulls Stake Purchase in Redeia’s Hispasat	Dec. 28	MT
Government stakes in European companies	Dec. 20	RE
Redeia Corporación, S.A. Reports Earnings Results for the Nine Months Ended September 30, 2023	23-10-31	CI
Fitch Maintains Redeia's Rating with Stable Outlook	23-10-10	MT
Solar power to the rescue as Europe's energy system weathers extreme heat	23-08-07	RE
Redeia Corporación, S.A. Reports Earnings Results for the Half Year Ended June 30, 2023	23-07-26	CI
Transcript : Red Eléctrica Corporación, S.A., H1 2023 Earnings Call, Jul 26, 2023	23-07-26
Transcript : Red Eléctrica Corporación, S.A. - Shareholder/Analyst Call	23-06-06
Red Eléctrica Corporación, S.A. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-25	CI
Red Eléctrica forecasts renewables to reach 50% of Spain's power generation by 2023	23-03-23	RE
HKT, Prysmian provisionally win main France-Spain undersea cable contract, says operator	23-03-10	RE
Red Eléctrica Corporación, S.A. Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-28	CI
Transcript : Red Eléctrica Corporación, S.A., 2022 Earnings Call, Feb 28, 2023	23-02-28
Hispasat wins bid to provide broadband internet in rural Spain	23-02-07	RE
Spanish Utility Group Redeia Prices EUR500 Million Of Green Bonds	23-01-24	MT
Spain's Redeia Closes 815 Million-Euro Purchase Of Five Electricity Transmission Lines In Brazil	22-11-30	MT
Red Eléctrica Corporación, S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-10-25	CI
Spanish competition watchdog moves to keep electricity traders afloat	22-09-26	RE

Chart Redeia Corporacion S.A.

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Company Profile

Redeia Corporacion S.A. (formerly Red Eléctrica Corporación, S.A.) specializes in electricity transmission services and operation of electric networks. Net sales (including intragroup) by activity break down as follows: - management and operation of electrical networks (82.7%): owning, at the end of 2022, of a network of 45,019 km of high-voltage lines and over 600 substations. The group also offers consulting, engineering, construction and maintenance services. Spain accounts for 95.8% of net sales; - management and operation of satellite telecommunications networks (11.2%); - management and operation of fiber optic telecoms networks (4.8%); - other (1.3%). Net sales are distributed geographically as follows: Spain (88.9%), Europe (1.6%) and other (9.5%).

Sector

Electric Utilities

Calendar

2024-04-29 - Q1 2024 Earnings Release

Related indices

STOXX EUROPE 600 (EUR) , IBEX 35

More about the company

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Ratings for Redeia Corporacion S.A.

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

15.57 EUR

Average target price

17.29 EUR

Spread / Average Target

+11.02%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Other Electric Utilities

Redeia Corporacion S.A.

Equities

RED

ES0173093024

Electric Utilities

Redeia Corporación, S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

EPS Revisions