Otovo Future Growth

Future criteria checks 2/6

Otovo is forecast to grow earnings and revenue by 20.6% and 36% per annum respectively. EPS is expected to grow by 31.1% per annum. Return on equity is forecast to be -69.8% in 3 years.

Key information

20.6%

Earnings growth rate

31.1%

EPS growth rate

Electrical earnings growth	26.8%
Revenue growth rate	36.0%
Future return on equity	-69.8%
Analyst coverage	Low
Last updated	25 Oct 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

MUN:89K - Analysts future estimates and past financials data (NOK Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,415	-245	-748	-306	2
12/31/2025	953	-395	-612	-315	3
12/31/2024	680	-401	-560	-351	1
9/30/2024	643	-440	-572	-364	N/A
6/30/2024	742	-440	-600	-327	N/A
3/31/2024	885	-417	-621	-259	N/A
12/31/2023	1,011	-385	-610	-204	N/A
9/30/2023	1,031	-359	-619	-231	N/A
6/30/2023	967	-318	-545	-210	N/A
3/31/2023	808	-286	-502	-269	N/A
12/31/2022	638	-309	-431	-267	N/A
9/30/2022	532	-251	-346	-232	N/A
6/30/2022	445	-209	-313	-238	N/A
3/31/2022	357	-192	-222	-174	N/A
12/31/2021	285	-154	-170	-136	N/A
9/30/2021	233	-137	-136	-112	N/A
6/30/2021	176	-126	-121	-98	N/A
3/31/2021	154	-96	-109	-88	N/A
12/31/2020	151	-91	-93	-74	N/A
9/30/2020	162	-81	N/A	N/A	N/A
6/30/2020	186	-66	N/A	N/A	N/A
3/31/2020	186	-71	N/A	N/A	N/A
12/31/2019	194	-51	-63	-46	N/A
6/30/2019	155	-54	N/A	N/A	N/A
3/31/2019	124	-47	N/A	N/A	N/A
12/31/2018	94	-40	-39	-30	N/A
12/31/2017	40	-13	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 89K is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 89K is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 89K is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: 89K's revenue (36% per year) is forecast to grow faster than the German market (5.4% per year).

High Growth Revenue: 89K's revenue (36% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 89K is forecast to be unprofitable in 3 years.

Otovo Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

No longer forecast to breakeven

Forecast to breakeven in 2026

No longer forecast to breakeven

No longer forecast to breakeven

No longer forecast to breakeven

Forecast to breakeven in 2025

Recent updates

New major risk - Financial position

Second quarter 2024 earnings released: kr0.39 loss per share (vs kr0.60 loss in 2Q 2023)

Otovo ASA Announces Change of New Employee Representatives to the Board of Directors, Effective July 1, 2024

Otovo ASA Announces Executive Changes

No longer forecast to breakeven

Otovo ASA to Report Q1, 2024 Results on May 02, 2024

High number of new directors

Full year 2023 earnings released: kr2.43 loss per share (vs kr2.47 loss in FY 2022)

Forecast to breakeven in 2026

No longer forecast to breakeven

Otovo ASA has completed a Follow-on Equity Offering in the amount of NOK 60.03 million.

Otovo ASA to Report Q3, 2024 Results on Oct 24, 2024

Otovo ASA, Annual General Meeting, Apr 17, 2024

New major risk - Shareholder dilution

Forte PV S.à.r.l completed the acquisition of European Distributed Energy Assets AS and European Distributed Energy Assets AB from Otovo ASA (OB:OTOVO).

Otovo ASA has filed a Follow-on Equity Offering in the amount of NOK 449.999998 million.

No longer forecast to breakeven

Third quarter 2023 earnings released

No longer forecast to breakeven

Otovo ASA Appoints Sacha Berson as CMO

High number of new directors

High number of new directors

Second quarter 2023 earnings released: kr0.60 loss per share (vs kr0.42 loss in 2Q 2022)

Otovo ASA Appoints New Employee Representatives to the Board of Directors

Forecast to breakeven in 2025

High number of new directors

First quarter 2023 earnings released: kr0.40 loss per share (vs kr0.64 loss in 1Q 2022)

High number of new directors

No longer forecast to breakeven

No longer forecast to breakeven

No independent directors

Otovo ASA to Report First Half, 2023 Results on Jul 13, 2023

Otovo ASA announced that it expects to receive NOK 200.000016 million in funding from Axel Johnson AB, Agder Energi Venture AS, OBOS Eiendom AS, Nysnø

Gera Brasil Tecnologia Ltda. acquired 34% stake in Holu Technologia SA from Otovo ASA.

Gera Brasil Tecnologia Ltda. acquired 34% stake in Holu from Otovo ASA.

No independent directors

No independent directors

Third quarter 2022 earnings released: kr0.58 loss per share (vs kr0.37 loss in 3Q 2021)

No independent directors

No independent directors

Otovo ASA Appoints Michal Karnibad as Chief Operating Officer

Otovo Group Elects Julie Orzechowski as New Employee Representative at its Board of Directors, Effective July 1, 2022

No independent directors

Otovo AS Approves the Election of Stine Halla as Board Member

Otovo Announces New Management Structure

Full year 2021 earnings released: kr1.64 loss per share (vs kr1.10 loss in FY 2020)

No independent directors

No independent directors

Otovo AS announced that it expects to receive NOK 300 million in funding

Otovo AS Appoints Petter Ulset as Chief Financial Officer, Effective March 1, 2022

Otovo AS to Report Q3, 2022 Results on Oct 27, 2022

Co-Founder recently bought €417k worth of stock

No independent directors

Otovo AS (OB:OTOVO) completed the acquisition of remaining 81.36% stake in European Distributed Energy Assets Holding AS (OTCNO:EDEA).

Investor sentiment improved over the past week

No independent directors

Second quarter 2020 earnings released

Co-Founder recently bought €13k worth of stock

Otovo AS Announces Executive Changes

Otovo AS Announces Management Changes

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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