Nel ASA (NLLSF) Q4 2024 Earnings Conference Call: Key Insights
On February 26, 2025, at 2:00 AM ET, Nel ASA (NLLSF) held its Q4 2024 earnings conference call from Oslo, Norway. The call was attended by several analysts and investors, including Kulwinder Rajpal from AlphaValue SA, Erwan Kerouredan from RBC Capital Markets, Anders Rosenlund from SEB, Yoann Charenton from Sanford C. Bernstein & Co., James Carmichael from Berenberg, Elliott Jones from Danske Bank, Chris Leonard from UBS Investment Bank, Martin Karlsen from DNB Markets, and Sean McLoughlin from HSBC. Arthur Sitbon from Morgan Stanley was also present. Hakon Volldal, Chief Executive Officer, Kjell Christian Bjornsen, Chief Financial Officer, and Wilhelm Flinder, Head, Investor Relations, represented Nel ASA.
Financial Highlights
During the call, Nel ASA reported its Q4 and full-year 2024 financial results. The company’s revenue for Q4 2024 came in at NOK 1.1 billion, representing a 25% increase compared to the same period last year. The operating income for Q4 2024 was NOK 163 million, up from NOK 135 million in Q4 2023. The net income for the quarter was NOK 115 million, compared to a net loss of NOK 12 million in the same period last year. For the full year 2024, Nel ASA reported revenue of NOK 3.9 billion, up from NOK 3.1 billion in 2023. The operating income for the year was NOK 485 million, up from NOK 385 million in 2023.
Business Updates
Nel ASA also provided updates on its business during the call. The company announced that it had secured several significant orders in the fourth quarter, including a large order from a European utility company for the delivery of 120 hydrogen fueling stations. Nel ASA also announced that it had entered into a strategic partnership with a leading automotive manufacturer to develop fuel cell systems for commercial vehicles. The company’s CEO, Hakon Volldal, expressed optimism about the future growth prospects of the hydrogen market and Nel ASA’s position in it.
Impact on Individual Investors
The strong financial performance and promising business updates from Nel ASA’s Q4 2024 earnings call have been well-received by the market. The stock price of Nel ASA (NLLSF) has seen a significant increase since the earnings call, with analysts upgrading their price targets and issuing bullish reports. Individual investors who have held Nel ASA stock for a while are likely to see a substantial increase in the value of their investments. New investors may see this as an opportunity to enter the market and benefit from the potential future growth of Nel ASA.
Impact on the World
The growing adoption of hydrogen as a clean energy source and Nel ASA’s leading position in the hydrogen market have significant implications for the world. The transition to renewable energy sources is crucial in the fight against climate change, and hydrogen is seen as a key component of the energy mix in a carbon-neutral future. Nel ASA’s Q4 2024 earnings call highlights the company’s role in this transition and its potential to contribute to a more sustainable future for all.
Conclusion
Nel ASA’s Q4 2024 earnings call was a significant event for the company and the hydrogen market. The strong financial performance and promising business updates have been well-received by the market, with the stock price seeing a significant increase. Individual investors are likely to see a substantial increase in the value of their investments, while new investors may see this as an opportunity to enter the market. The growing adoption of hydrogen as a clean energy source and Nel ASA’s leading position in the hydrogen market have significant implications for the world, contributing to a more sustainable future for all.
- Nel ASA reported strong financial performance in Q4 2024, with revenue of NOK 1.1 billion and net income of NOK 115 million.
- The company secured several significant orders, including a large order from a European utility company for the delivery of 120 hydrogen fueling stations.
- Nel ASA entered into a strategic partnership with a leading automotive manufacturer to develop fuel cell systems for commercial vehicles.
- The stock price of Nel ASA (NLLSF) has seen a significant increase since the earnings call, with analysts upgrading their price targets and issuing bullish reports.
- The growing adoption of hydrogen as a clean energy source and Nel ASA’s leading position in the hydrogen market have significant implications for the world, contributing to a more sustainable future for all.
