NTR (NTR) Q4 2024 earnings summary

Executive summary

• NTR Holding A/S reported a net loss of DKK 1.6 million for 2024, in line with expectations for a primary operating loss of around DKK 2 million.

• The company has limited ongoing operations after the sale of Daniamant A/S, with assets mainly in cash and short-term securities.

• Copenhagen Capital A/S acquired 68.1% of NTR's share capital and 52.7% of voting rights after year-end, launching a mandatory takeover offer.

• The offer may lead to delisting of NTR's B-shares if sufficient acceptance is achieved; otherwise, NTR will remain listed.

• No dividend is proposed for 2024.

Financial highlights

• Revenue remained at DKK 0 in 2024, unchanged since 2021.

• EBIT was negative DKK 2.0 million, unchanged from 2023.

• Net result was a loss of DKK 1.6 million, improved from a DKK 1.8 million loss in 2023.

• Equity decreased to DKK 9.5 million at year-end 2024 from DKK 11.1 million in 2023.

• Cash flow from operations was negative DKK 2.0 million; net investing cash flow was positive DKK 1.2 million.

Outlook and guidance

• 2025 is expected to see zero revenue and a primary operating loss of about DKK 2 million, assuming unchanged structure and activities.

• The impact of Copenhagen Capital A/S's takeover on 2025 results cannot yet be assessed.