Hitachi outlines FY2024 revenue growth of 11% and major GEM, DSS expansions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 31 2025
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Source: SeekingAlpha
Financial Performance: Hitachi's Q3 2024 earnings report showed a 16% increase in revenues and a 34% rise in adjusted EBITA year-over-year, with all three segments—Green Energy & Mobility, Digital Systems & Services, and Connected Industries—experiencing growth. The company revised its FY2024 forecasts upward, anticipating an 11% revenue growth across these segments.
Growth Drivers and Challenges: The growth was primarily driven by strong demand in renewable energy and digital transformation projects, particularly in Europe and Asia. However, management acknowledged challenges in the storage business due to competition and geopolitical risks affecting infrastructure investments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
