CORRECTION (figures included) - Reorganisation of NRC Group’s Swedish business following the acquisition of VR Track and preliminary figures for NRC Group ASA
As a consequence of NRC Group ASA’s (the Group) acquisition of VR Track, the Group has established a new management for its total Swedish operation to optimise its strategies, realising synergies and improve operational execution. Further to the above, the Group has resolved to reorganise its Swedish operations, including termination of approximately 90 employees, that has incurred significant expenses. The expenses and loss related to the business being reorganised, negatively affect the Group’s EBITDA in Sweden amounting to approximately NOK 60 million in Q4 2018. In addition, the