Interim report for the first quarter 2021

A good start to the year

“The first quarter of the year is our low season, but all of the business areas maintained their improvements from 2020 and deliver on a stable level,” says Tomas Carlsson, President and CEO of NCC.

• Lower sales, but stable earnings in the contracting business and in the Industry business area. The Property Development business area recognized a project in Norway in profit, but the earnings for the quarter were impacted by provisions for rental guarantees and VAT.
• A stronger order backlog, orders received at a normal level for the quarter and continued healthy demand in all countries
• Strong cash flow for the quarter
• On March 30, the Annual General Meeting resolved on a dividend in accordance with the Board of Directors’ proposal of SEK 5.00 per share (SEK 2.50) for 2020, to be paid on two occasions, see page 13.                                                

First quarter 2021                                             

• Orders received amounted to SEK 14,255 M (15,458)
• Net sales totaled SEK 10,140 M (11,766)
• The operating result amounted to SEK -144 M (-69)
• The result after financial items amounted to SEK -152 M (-90)
• The result after tax totaled SEK -124 M (-84)
• Earnings per share after dilution were SEK -1.15 (-0.78)

For further information, please contact:
Susanne Lithander, Chief Financial Officer (CFO), +46 (0)73-037 08 74
Maria Grimberg, Head of Communication & Investor Relations, +46 (0)70-896 12 88

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

Presentation material will be available at www.ncc.se/ir from approximately 8:00 a.m. CEST.

Link to webcast: https://ncc-live-external.creo.se/210428 To participate by phone, please call one of the following numbers five minutes prior to the start of the conference. SE: +46 (0)8 505 583 50, UK: +44 333 300 9271, US: +1 833 823 05 89

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 above on April 28, 2021, at 7:10 a.m. CEST.

About NCC. NCC is one of the leading construction companies in the Nordics. Based on its expertise in managing complex construction processes, NCC contributes to the positive impact of construction for its customers and society. Operations include commercial property development, building and infrastructure project contracting, and asphalt and stone materials production. In 2020, NCC had sales of SEK 54 bn and 14,500 employees. The NCC shares are listed on Nasdaq Stockholm.