NYAB: Market outlook still uncertain
NYAB's Q3 results were below our expectations, and revenue in particular developed more moderately than expected, driven by delays in investment decisions and project start-ups. Reflecting this, the company revised its revenue guidance to the lower end of the previous range. Considering the report and the still uncertain outlook, we lowered our growth forecasts for the coming years, which were also reflected in our earnings forecasts. We still believe NYAB's longer-term earnings growth prospects are good, given the investments required for the green transition.
NYAB
NYAB is active in the energy sector. The company's operations are focused on energy, infrastructure, and industrial construction, as well as associated project management in renewable energy. Special focus is placed on wind turbines. In addition to the main business, alternative energy solutions and associated services are offered. The company's customers are found, for example, in industry and the public sector. The largest business operations are found in the Nordic market.
Read more on company pageKey Estimate Figures12.11.2023
2022 | 23e | 24e | |
---|---|---|---|
Omsætning | 253,3 | 291,3 | 334,4 |
vækst-% | 92,33 % | 15,00 % | 14,80 % |
EBIT (adj.) | 27,2 | 19,1 | 23,6 |
EBIT-% (adj.) | 10,74 % | 6,55 % | 7,06 % |
EPS (adj.) | 0,04 | 0,02 | 0,03 |
Udbytte | 0,01 | 0,01 | 0,01 |
Udbytte % | 0,80 % | 1,69 % | 2,12 % |
P/E (adj.) | 24,85 | 22,70 | 17,90 |
EV/EBITDA | 20,52 | 14,27 | 11,66 |