NTR (NTR) Q2 2024 earnings summary

Executive summary

• Net loss from primary operations was DKK 0.7 million for H1 2024, improving from DKK 0.9 million loss in H1 2023, in line with expectations.

• Equity as of June 30, 2024, stood at DKK 10.4 million, corresponding to a book value per share of DKK 4.2.

• The board continues to explore strategic options, including capitalizing on the stock exchange platform or, alternatively, solvent liquidation if not feasible.

Financial highlights

• Revenue remained at DKK 0 for H1 2024, unchanged from prior periods.

• EBIT for H1 2024 was DKK -0.7 million, compared to DKK -0.9 million in H1 2023.

• Net result for H1 2024 was a loss of DKK 0.7 million, versus a loss of DKK 0.9 million in H1 2023.

• Cash and cash equivalents decreased to DKK 1.3 million as of June 30, 2024, from DKK 2.1 million at year-end 2023.

Outlook and guidance

• 2024 guidance remains unchanged: expected revenue of DKK 0 and a primary operating loss of around DKK 2 million.

• Annual costs are expected to be DKK 1–2 million if the current structure is maintained; liquidation costs estimated at DKK 1–3 million if pursued.