NTG Nordic Transport Group First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

NTG Nordic Transport Group (CPH:NTG) First Quarter 2024 Results

Key Financial Results

• Revenue: kr.2.16b (down 4.3% from 1Q 2023).
• Net income: kr.69.0m (down 27% from 1Q 2023).
• Profit margin: 3.2% (down from 4.2% in 1Q 2023). The decrease in margin was driven by lower revenue.
• EPS: kr.3.25 (down from kr.4.32 in 1Q 2023).

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

NTG Nordic Transport Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) missed analyst estimates by 10%.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Transportation industry in Europe.

Performance of the market in Denmark.

The company's shares are up 2.3% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on NTG Nordic Transport Group's balance sheet health.

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