NCC presents new path forward and preliminary Q3 earnings charged with provisions and revaluations
Following a comprehensive analysis of NCC, the company is presenting a number of measures to improve profitability. The quarter was charged with provisions for claims and warranties, revaluation of development properties and impairment losses totaling SEK 1,565 M. Operating profit for the third quarter is estimated to amount to approximately negative SEK 1,108 M.“Today NCC presents a new path forward. We are now lowering the risk level associated with the Group’s project portfolio and balance sheet, discontinuing certain unprofitable operations and focusing on NCC’s healthy core operations
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