Norwegian's shares fall after profit warning

The airline Norwegian is warning that the unexpectedly weak development of the Norwegian krone will impact the result for the fourth quarter of 2024.

On the Oslo Stock Exchange, the reaction to the currency shock is clear. Norwegian's share initially fell by over 10 percent after the announcement, but recovered somewhat to a decline of almost 6 percent in morning trading.

The operating result is now estimated at 1.85 billion kronor for the full year 2024, Norwegian announces. Prior to the so-called profit warning, the average forecast among analysts was a profit of 2.1 billion Norwegian kronor.