Nel Third Quarter 2024 Earnings: kr0.069 loss per share (vs kr0.14 loss in 3Q 2023)

Simply Wall St · 10/17 04:06

Nel (OB:NEL) Third Quarter 2024 Results

Key Financial Results

  • Revenue: kr391.3m (up 9.0% from 3Q 2023).
  • Net loss: kr115.2m (loss narrowed by 49% from 3Q 2023).
  • kr0.069 loss per share (improved from kr0.14 loss in 3Q 2023).
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OB:NEL Earnings and Revenue Growth October 17th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nel Earnings Insights

Looking ahead, revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electrical industry in Europe.

Performance of the market in Norway.

The company's shares are down 4.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Nel that we have uncovered.