NRC Group ASA today published its financial results for the third quarter of
2024.
CEO Anders Gustafsson and CFO Åsgeir Nord will present the results at 09:00 am
(CET) at House of Oslo, Ruseløkkveien 34, Oslo.
The presentation will also be webcast live on the following link:
https://channel.royalcast.com/webcast/hegnarmedia/20241120_1
The presentation will be followed by a live Q&A-session. Investors, analysts and
journalists are welcome to participate at House of Oslo or follow the
presentation digitally, where questions can be submitted during the event.
Group highlights:
· Revenue of NOK 2,103 million (NOK 1,844 million), EBIT adj. of NOK 40
million (NOK 80 million) and operating profit margin (EBIT adj. margin) of 1.9%
(4.3%). There were no adjusting items for the quarter.
· Operating cash flow of NOK -48 million (NOK 12 million), influenced by an
increased net working capital. Net interest-bearing debt increased by NOK 114
million in the quarter to NOK 997 million.
· Order backlog of NOK 6,765 million (NOK 6,613 million) with a book-to-bill
ratio of 0.5x in the quarter. Order intake of NOK 969 million (NOK 773 million).
Tender pipeline in our core markets remains strong, with high activity levels
aimed at strengthening the order backlog for 2025.
· Good progress has been made in the change program in Finland, with a new
organisational structure set to launch in January 2025
· Mediation in the ETM (Electrification of Trønder- and Meråkerbanen) project
is expected to resume in January 2025
· Improved underlying performance in Sweden. New Managing Director, Tomas
Johansson, joined in September, completing the Swedish management team.
· Financial platform significantly strengthened through a private placement of
NOK 200 million (with proceeds received during the first week of October), a
subsequent repair issue of NOK 50 million, and renegotiated covenants with bank
and bondholders
The third quarter 2024 result report and result presentation can be found
attached and will be available on the company's homepage: www.nrcgroup.com
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 of the Norwegian Securities Trading Act.
This stock exchange announcement was published by Charlotte Krog, Communication,
NRC Group ASA, on 23 May 2024.