NEL ASA has published its figures for the first quarter of 2022. Earnings per share are NOK 0.06 – in contrast, analysts expected a loss of NOK 0.048 on average. The profit is a surprise – also compared to the first quarter of 2021 (NOK -0.403).
Sales also increased significantly compared to the same quarter last year – from NOK 157 million to now NOK 213 million. However, analysts’ consensus estimate was missed, with sales expected at NOK 257.4 million.
Order intake and outlook at NEL ASA
Order intake, on the other hand, rose strongly, and the company’s liquidity (cash balance) also increased compared to the same quarter last year. Overall, NEL ASA is confident about its growth strategy, cost reduction and opportunities to expand its production capacity.
However, investors appear to be neutral on the data. The NEL ASA share is unable to defend an initial recovery to 1.25 euros in pre-market trading and is trending only slightly above yesterday’s closing price. After all: In yesterday’s trading, setbacks were absorbed.