Klaveness Combination Carriers First Quarter 2024 Earnings: EPS: US$0.43 (vs US$0.54 in 1Q 2023)

Klaveness Combination Carriers (OB:KCC) First Quarter 2024 Results

Key Financial Results

• Revenue: US$73.5m (down 9.4% from 1Q 2023).
• Net income: US$26.0m (down 8.0% from 1Q 2023).
• Profit margin: 35% (in line with 1Q 2023).
• EPS: US$0.43 (down from US$0.54 in 1Q 2023).

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

Klaveness Combination Carriers Earnings Insights

Looking ahead, revenue is forecast to decline by 11% p.a. on average during the next 3 years, while revenues in the Shipping industry in Norway are expected to remain flat.

Performance of the Norwegian Shipping industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for Klaveness Combination Carriers (of which 1 is potentially serious!) you should know about.

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