Nel First Quarter 2024 Earnings: kr0.013 loss per share (vs kr0.12 loss in 1Q 2023)

Nel (OB:NEL) First Quarter 2024 Results

Key Financial Results

• Revenue: kr409.1m (up 15% from 1Q 2023).
• Net loss: kr22.0m (loss narrowed by 89% from 1Q 2023).
• kr0.013 loss per share (improved from kr0.12 loss in 1Q 2023).

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 28% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electrical industry in Europe.

Performance of the market in Norway.

The company's shares are down 11% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Nel you should be aware of.

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