Investeringsselskabet Luxor (LUXOR) Q4 23/24 earnings summary

Executive summary

• Achieved net income of DKK 61.2 million for 2023/24, up from DKK 30.6 million year-over-year, driven by strong investment property revaluations and stable core earnings.

• Basis earnings reached DKK 44.4 million, slightly above guidance and prior year, supported by lower credit losses and higher financing income.

• Proposed dividend of DKK 125 million, significantly increased due to the sale of a major investment property.

Financial highlights

• Total income rose to DKK 149.3 million from DKK 85.9 million year-over-year.

• Result before tax was DKK 78.6 million, up from DKK 39.7 million year-over-year.

• Net income per share (EPS) was DKK 61.19, compared to DKK 30.65 last year.

• Return on equity increased to 13.84% from 6.87% year-over-year.

• Equity ratio improved to 47.42% from 42.71% year-over-year.

Outlook and guidance

• Basis earnings for 2024/25 are expected at DKK 37 million, reflecting anticipated lower net gains on property loans and higher costs.

• Management notes risks and uncertainties may cause actual results to deviate from guidance.