NTG Nordic Transport Group Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

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

Key Financial Results

• Revenue: kr.2.30b (up 17% from 3Q 2023).
• Net income: kr.46.0m (down 56% from 3Q 2023).
• Profit margin: 2.0% (down from 5.3% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: kr.2.16 (down from kr.4.87 in 3Q 2023).

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

NTG Nordic Transport Group Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Transportation industry in Europe.

Performance of the market in Denmark.

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

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on NTG Nordic Transport Group's balance sheet.

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