NKT Full Year 2024 Earnings: Beats Expectations

NKT (CPH:NKT) Full Year 2024 Results

Key Financial Results

• Revenue: €3.25b (up 27% from FY 2023).
• Net income: €225.0m (up 108% from FY 2023).
• Profit margin: 6.9% (up from 4.2% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: €4.19 (up from €2.16 in FY 2023).

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

NKT Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 9.6%.

The primary driver behind last 12 months revenue was the NKT - Solutions segment contributing a total revenue of €1.82b (56% of total revenue). Notably, cost of sales worth €2.22b amounted to 68% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €393.0m (48% of total expenses). Explore how NKT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electrical industry in Europe.

Performance of the market in Denmark.

The company's shares are up 5.5% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of NKT's balance sheet and an in-depth analysis of the company's financial position.

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