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Northern Data AG (DE:NB2)
XETRA:NB2
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Earnings Data
Report Date
Oct 17, 2024Before Open Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
-€0.72Last Year’s EPS
―Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 06, 2024
|% Change Since: 70.29%
|Next Earnings Date:Oct 17, 2024
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth primarily driven by the cloud compute segment and strategic partnerships, positioning Northern Data well for future growth. However, challenges in the mining segment and operational cash flow issues were noted. The balance of positive and negative aspects suggests a mixed performance with substantial progress in key areas but some operational concerns.Company Guidance
During Northern Data Group's Q3 2024 earnings call, the company provided optimistic financial guidance, projecting full-year revenue between EUR 200 million and EUR 240 million, largely driven by a 530% year-on-year growth in cloud computing. They reported a Q3 revenue of EUR 59 million, a 235% increase compared to the previous year, and an adjusted EBITDA of EUR 25 million, equating to a 42% margin. Their cloud segment, which accounted for 80% of Q3 revenue, is expected to continue its growth trajectory with the deployment of around 24,000 GPUs by Q4. The company anticipates achieving an adjusted EBITDA between EUR 50 million and EUR 80 million for the full year. Additionally, Northern Data remains on track with its investment strategy, having committed approximately EUR 1 billion in growth investments for 2024, and expects a year-end cash position between EUR 100 million and EUR 200 million.Significant Revenue Growth
Group revenue reached EUR 59 million in Q3, up 235% year-on-year, with year-to-date revenue of EUR 115 million, reflecting a 109% increase year-on-year. The cloud compute segment grew 530% year-on-year.
Successful Capital Deployment
Total spend on capital projects was approximately EUR 370 million in Q3, with a total of EUR 970 million year-to-date, primarily into Taiga Cloud infrastructure and data center enhancements.
Strong Cloud Compute Performance
Cloud revenue increased 296% quarter-on-quarter to EUR 48 million, representing 80% of group revenue in Q3, driven by GPU deployments and the onboarding of new customers.
Strategic Partnerships and Technology Leadership
Northern Data was selected as a partner for NVIDIA's Grace Blackwell technology and has established partnerships with VAST Data and Supermicro.
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DE:NB2 Earnings History
Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release | Slides | Play Transcript |
|---|---|---|---|---|---|---|---|
| Oct 17, 2024 | 2024 (Q3) | ― | ― | ||||
| Aug 06, 2024 | 2024 (Q2) | ― | ― | ||||
| Aug 29, 2022 | 2021 (Q4) | ― | ― | ― | ― |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:NB2 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 17, 2024 | €26.25 | €28.40 | +8.19% |
| Aug 06, 2024 | €19.48 | €18.78 | -3.59% |
| Aug 29, 2022 | €22.50 | €21.78 | -3.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Northern Data AG (DE:NB2) report earnings?
Northern Data AG (DE:NB2) is schdueled to report earning on Oct 17, 2024, Before Open Confirmed.
What is Northern Data AG (DE:NB2) earnings time?
Northern Data AG (DE:NB2) earnings time is at Oct 17, 2024, Before Open Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Northern Data AG stock?
The P/E ratio of Northern Data AG is N/A.
What is DE:NB2 EPS forecast?
DE:NB2 EPS forecast for the fiscal quarter 2024 (Q3) is -€0.72.
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