Nova Klúbburinn (NOVA) Q3 2024 earnings summary

Executive summary

• Total revenues for Jan–Sept 2024 reached ISK 9,814 million, up from ISK 9,666 million year-over-year.

• EBITDA for the period was ISK 3,063 million, compared to ISK 3,018 million in the previous year.

• Net profit and comprehensive income amounted to ISK 563 million, up from ISK 547 million year-over-year.

• Equity at period end was ISK 9,566 million, with an equity ratio of 40.3%.

• The company continued share buybacks, reducing share capital and acquiring 1.64% of outstanding shares by period end.

Financial highlights

• Revenue for Q3 2024 was ISK 3,388 million, up from ISK 3,255 million in Q3 2023.

• EBITDA margin for the nine months was 31.2%, up from 31.2% in the prior year.

• Earnings per share for Jan–Sept 2024 were ISK 0.15, compared to ISK 0.14 year-over-year.

• Cash and cash equivalents at period end were ISK 848 million, up from ISK 771 million at the end of Q3 2023.

• Total assets stood at ISK 23,719 million, with total liabilities of ISK 14,153 million.

Outlook and guidance

• No single customer accounted for more than 10% of total revenues during the period.

• The company continued its share buyback program after the reporting period, reaching 1.94% of issued share capital by late October.