NWARF - Norwegian Air Shuttle ASA (NWARF) Q4 2023 Earnings Call Transcript
2024-02-17 14:07:08 ET
Norwegian Air Shuttle ASA (NWARF)
Q4 2023 Earnings Conference Call
February 16, 2023, 2:30 AM ET
Company Participants
Jesper Hatletveit - VP Investor Relations
Geir Karlsen - Chief Executive Officer
Hans-Jorgen Wibstad - Chief Financial Officer
Conference Call Participants
Presentation
Jesper Hatletveit
Good morning and welcome to the Fourth Quarter Presentation for Norwegian Air Shuttle. My name is Jesper Hatletveit and I am the VP of Investor Relations here at Norwegian.
Today's presentation will be held by our CEO, Geir Karlsen, and our CFO, Hans-Jorgen Wibstad. It will be followed by a Q&A from the audience and the web.
Please go ahead, Geir.
Geir Karlsen
Thank you. Good morning, everybody. Good to see you. I think this is a good day for Norwegian, and I think the picture we are seeing here is a really good one, representing the red team and the green team now joining forces. Also happy to see that Stein Nilsen, the CEO of Wideroe is here today to join us during the day.
So if we go through the highlights for the quarter and also for 2023, we ended 2023 with NOK2.2 billion in EBIT. That is already guided, so it's known for the market. But it is the best ever EBIT in the company, also the EBIT margin, and we are very pleased about that.
Also, in the fourth quarter, we did NOK328 million in EBIT, in a quarter that is usually tough when it comes to seasonality as such. We are still having a strong liquidity position, NOK9.5 billion. Looking at the liquidity position today, it's higher, even if we have done the transaction with Wideroe....
Norwegian Air Shuttle ASA (NWARF) Q4 2023 Earnings Call Transcript