Enagás, S.A. Reveals Nine Month Performance and FY24 Outlook Update

Tuesday, 22 October 2024, 07:03

Enagás, S.A. has reported its performance for the nine months ending in 2024, indicating a total natural gas demand decrease of 8.6% compared to 9M 2023. Revenue stands at €665.2M, reflecting a year-over-year decline of 1.1%. The company also provided insightful updates on its fiscal year 2024 outlook.
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Enagás, S.A. Reveals Nine Month Performance and FY24 Outlook Update

Enagás, S.A. Nine Month Performance Overview

Enagás, S.A. (ENGGF) has experienced a notable decrease in total natural gas demand, reporting a 8.6% drop in the first nine months of 2024 when compared to the same period in 2023. This indicates significant shifts in the energy landscape impacting the company’s operations.

Revenue Analysis

The latest results reveal total revenue of €665.2M, marking a year-over-year decline of 1.1%. This decrease signals ongoing challenges in maintaining growth amidst fluctuating market dynamics.

FY24 Outlook Update

In its fiscal year 2024 outlook, Enagás, S.A. provided clarity on anticipated strategies to manage demand trends and revenue adjustments while addressing energy supply issues. Stakeholders are advised to monitor these updates as they could influence future performance metrics.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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