For NEL ASA, the fourth financial quarter of 2021 ended with a loss. The minus amounted to -0.18 NOK per share after a profit of 0.900 NOK per share in the same period last year. The minus was higher than expected by analysts, the market consensus had assumed EPS of -0.134 NOK. The operating loss was NOK 196.7 million, also higher than last year’s figure, with a pre-tax loss of NOK 280.9 million.
With sales of NOK 248 million, revenues were above expectations (NOK 242.4 million) and improved on last year when the group’s turnover was NOK 229.0 million.
NEL balance sheet for fiscal year 2021
For the full year, revenues improved from NOK 652 to 798 million – that was less than analysts had expected (NOK 810.2 million), the operating loss rose from NOK 414 to 583 million. For the year as a whole, analysts had forecast an average total loss of NOK 1.572 billion, the actual loss was even higher at NOK 1.667. NEL ASA pointed out that the listed holdings Nikola and Everfuel are relevant in this context.
The company’s business development is expected to continue to be negatively impacted by disruptions in the supply chain and restrictions caused by COVID-19, NEL ASA said in the presentation of the figures.
In Oslo, the shares of NEL ASA temporarily rose by 3.54 percent to 13.17 Norwegian kroner on Wednesday.
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