Ryufin

Norse Atlantic ASA

Norway · NO0012885252 · reports in USD · Europe

The answers

From the annual report for the year to Dec 31, 2024. Each line says what it is based on.

Is it growing?Good
Revenue +34% in the year to Dec 31, 2024, on the year before.
Is it a good business?Good
It earned 64% on its shareholders' equity in the year to Dec 31, 2024.
Is it safe?To watch
Equity is -20% of its assets, and operations brought in cash in the year.
Is the price fair?n/a
Not answered: no exchange publishes this company's price for free reuse, so there is no P/E here.

The year

Year to Dec 31, 2024, consolidated, in USD.

$588M

revenue

-16%

operating margin

−$135M

net profit

Year by year

As filed; an earlier year can differ from its own report when the company restated it.

Dec 2023Dec 2024
Revenue$439M$588M
Operating profit−$135M−$97M
Earnings per share−$2.50−$1.05
Cash from operations−$21M$56M
Cash$55M$23M
Total assets$1.1B$1.0B
Equity−$90M−$211M

What they do

In the company's own words, from the annual report.

Norse is a new affordable long-haul airline established in 2021 and will serve the transatlantic market with a fleet of modern and fuel-efficient Boeing 787 Dreamliners.

Source: the company’s annual financial report in ESEF, via filings.xbrl.org (XBRL International). Listed shares from ESMA’s FIRDS register; ESMA does not endorse this site. Ryufin computed the answers and ratios from the filed figures.