Q3 2024 Nkt A/S Earnings Call (Q&A Session) Transcript
Key Points
- NKT AS (NRKBF) achieved double-digit growth in both revenue and operational EBITA for the eighth consecutive quarter, with organic growth at 25%.
- Operational EBITA reached EUR 93 million, marking the highest quarterly result in the company's history.
- The acquisition of Solidia contributed positively, with no negative surprises during the integration process.
- NKT AS (NRKBF) secured long-term frame agreements in the Netherlands and Denmark, enhancing its market position.
- The company maintains a robust order backlog of EUR 11 billion, providing good earnings visibility for the rest of the decade.
- Non-recurring costs related to the integration of Solidia impacted financial results.
- The operational EBITA margin decreased compared to the same quarter last year, influenced by project mix and risk provisions.
- The construction market remains weak, affecting the applications segment, particularly in the construction-exposed areas.
- Free cash flow was negative at EUR 134 million for the quarter, impacted by changes in working capital and increased investments.
- The company faces ongoing challenges with legacy onshore high voltage projects, requiring provisions and risk management.
/- -
Good morning, everyone. Welcome to our Q3 2024 conference call. I'm Claes Westerlind, the CEO and I'm also joined by our CFO Line Andrea Fandrup. As usual, I will cover the overall development and the business lines and then Lena will walk through the financial performance for the quarter and also for the first nine months of the year before we begin.
Please note that this presentation may contain forward-looking statements and I therefore ask you to pay close attention to this disclaimer. Now let's move on to our key messages for the quarter.
The third quarter, 2024 was another good quarter for NKT. We continued executing on the renewable strategy, achieving solid operational and financial results. In this quarter, we again delivered double digit growth in both revenue and operational EBITA.
A development we have now seen for eight consecutive quarters, organic growth was 25% compared to the same quarter. Last year, mainly driven by
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
