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Interim report for the first quarter 2020

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Strong cash flow and continued improvement

“NCC had a strong start to the year, with improved earnings and strong cash flow. There is continued high activity in NCC despite the Corona crisis,” says Tomas Carlsson, President and CEO of NCC.

  • Improved earnings compared with the preceding year in a quarter that always has a seasonally weak result due to the low level of activity, primarily in the Industry business area, during the winter months
  • Strong orders received and strong order backlog, as well as somewhat higher net sales than in the preceding year
  • Strong cash flow from operating activities, slightly more than SEK 1 billion
  • The effects of the Corona crisis, as of the report date, have not caused any significant disruptions at Group level, although some projects are addressing minor disruptions

First quarter 2020

  • Orders received were at the same level as previous year with SEK 15,458 M (15,501)
  • Net sales rose to SEK 11,766 M (11,434)
  • Operating result was improved to SEK -69 M (-352)
  • The result after financial items was improved to SEK -90 M (-370)
  • The result after tax was improved to SEK -84 M (-314)
  • Earnings per share after dilution were SEK -0.78 (-2.88)

For additional information, please contact:
Susanne Lithander, CFO NCC, +46 (0)730 37 08 74
Maria Grimberg, Head of Communication NCC, +46 (0)708 96 12 88

Invitation to presentation of NCC’s interim report
NCC's President and CEO Tomas Carlsson and Chief Financial Officer Susanne Lithander will present the interim report by webcast with integrated teleconference on April 28 at 9:00 a.m. (CEST). The presentation will be held in English.

The presentation can be followed via webcast or by phone. Presentation material for the conference will be available at www.ncc.com/ir at around 8:00 a.m. (CEST). Link to webcast: https://ncc-live-external.creo.se/200428. To participate by phone, please call one of the following numbers five minutes prior to the start of the conference; SE: +46 8 505 583 66, UK: +44 333 300 9035, US: +1 833 823 0590.

This is the type of information that NCC AB is obligated to disclose pursuant to the EU Market Abuse Regulation. The information was issued for publication through the agency of the contact persons set out below on April 28, 2020, at 7:10 a.m. CEST.

About NCC. Our vision is to renew our industry and provide superior sustainable solutions. NCC is one of the leading companies in the Nordics within construction, infrastructure and property development, with sales of SEK 58 billion and 15,500 employees in 2019. The NCC share is listed on Nasdaq Stockholm.

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