Klaveness Combination Carriers Full Year 2024 Earnings: EPS: US$1.35 (vs US$1.53 in FY 2023)

Klaveness Combination Carriers (OB:KCC) Full Year 2024 Results

Key Financial Results

• Revenue: US$278.3m (down 3.1% from FY 2023).
• Net income: US$81.4m (down 6.3% from FY 2023).
• Profit margin: 29% (down from 30% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$1.35 (down from US$1.53 in FY 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 19% p.a. on average during the next 2 years, while revenues in the Shipping industry in Norway are expected to remain flat.

Performance of the Norwegian Shipping industry.

The company's shares are down 10.0% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Klaveness Combination Carriers (1 is potentially serious!) that you should be aware of before investing here.

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