NRC Group today published its financial results for the fourth quarter and full year 2023.

CEO Anders Gustafsson and CFO Ole Anton Gulsvik 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/landingpage/hegnarmedia/20240227_2/

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.
 

• Revenue of NOK 1,800 million (NOK 1,954 million), -8% growth and -9% organic growth

• Stable operating profit margin of 1.4%. Operating profit (EBIT adj.) of NOK 24 million (NOK 28 million)

• Order backlog increased from NOK 6,613 million to NOK 6,940 million with a book-to-bill ratio of 1.1x in the quarter

• Solid financial performance in Norway, successful ongoing transformation in Sweden, while profitability in Finland has decreased

• Operating cash flow of NOK 306 million (NOK 160 million) due to reduced working capital. Net interest-bearing debt decreased by NOK 231 million to NOK 761 million.

• Completed a debt refinancing process including issuing a new 4-year senior unsecured green NOK 400 million bond maturing in 2027. Bank debt refinanced with longer maturity.

• Tender pipeline remains strong across all segments

• Revenue of NOK 6,732 million (NOK 7,030 million)

• Operating profit (EBIT adj.) of NOK 121 million (NOK 137 million), corresponding to a margin of 1.8% (2.0%)

• Operating cash flow of NOK 376 million (NOK 235 million) and net interest-bearing debt at NOK 761 million (NOK 950 million at year-end 2022)

• Successful completion of the sale of the Gravco business unit in Q1

• Civil business in Karlstad (Sweden) was discontinued as part of the turnaround plan - process completed in Q3

• Refinancing process of bond loan, term loan and multicurrency credit facility was completed in Q4

The 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 27 February 2024.