Norwegian Air Shuttle Full Year 2024 Earnings: EPS Misses Expectations

Simply Wall St

February 20, 2025

Norwegian Air Shuttle (OB:NAS) Full Year 2024 Results

Key Financial Results

Revenue: kr34.2b (up 34% from FY 2023).
Net income: kr1.21b (down 25% from FY 2023).
Profit margin: 3.5% (down from 6.3% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: kr1.26 (down from kr1.70 in FY 2023).

NAS Operational Performance

Available seat kilometres (ASK): 38.61b (up 19% from FY 2023).
Passenger load factor: 84.3% (down from 84.7% in FY 2023).
Total aircraft: 135 (up by 48 from FY 2023).

revenue-and-expenses-breakdown — OB:NAS Revenue and Expenses Breakdown February 20th 2025

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

Norwegian Air Shuttle EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%.

The primary driver behind last 12 months revenue was the Norway segment contributing a total revenue of kr17.9b (52% of total revenue). Notably, cost of sales worth kr29.6b amounted to 87% of total revenue thereby underscoring the impact on earnings.Explore how NAS's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Airlines industry in Europe.

Performance of the market in Norway.

The company's shares are up 3.2% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Norwegian Air Shuttle.

Valuation is complex, but we're here to simplify it.

Discover if Norwegian Air Shuttle might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

Access Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.