Interim report for the first quarter 2024
Stable start to the year.
“The year started as we anticipated, stable with normal seasonal effects and some impact from the market situation for residential units and property sales”, says Tomas Carlsson, President and CEO at NCC.
- Good orders received in Infrastructure and Industry. Lower orders received in construction operations with a tough comparative quarter – in the first quarter of 2023, Building Nordics registered two large orders in Denmark totaling SEK 3.7 billion
- Net sales were impacted by lower sales in Property Development
- Operating profit seasonally low and impacted by one logistics project in Property Development being recognized in profit, compared with a major office project in the preceding year
- Cash flow from operating activities at the same level as the preceding year
- The Annual General Meeting resolved in favor of a dividend of SEK 8.00 (6.00) per share for 2023, divided between two payment occasions
First quarter of 2024
- Orders received amounted to SEK 13,353 M (16,288)
- Net sales totaled SEK 11,561 M (12,464)
- Operating profit/loss amounted to SEK -100 M (152)
- Profit/loss after financial items totaled SEK -117 M (185)
- Profit/loss after tax was SEK -93 M (153)
- Earnings per share after dilution amounted to -0.95 (1.56)
Information meeting
NCC’s President and CEO Tomas Carlsson and Chief Financial Officer Susanne Lithander will present the report in a webcast and teleconference on May 3rd, 2024, at 9:00 a.m. (CEST). The presentation will be held in English. Presentation material will be available at ncc.com/ir from approximately 8:00 a.m. CEST.
To participate by phone, please call one of the following numbers five minutes prior to the start of the conference.
SE: +46 8 505 100 31
UK: +44 207 107 06 13
US: +1 631 570 56 13
For further information, please contact:
Susanne Lithander, Chief Financial Officer (CFO), +46 730 37 08 74
Maria Grimberg, Head of Communication & IR, +46 708 96 12 88
NCC’s media line: +46 (0)8 585 519 00, press@ncc.se, NCC's Media bank
This information is information that NCC AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on May 3, 2024 at 07.10 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 building and infrastructure project contracting, asphalt and stone materials production and commercial property development. In 2023, NCC had sales of SEK 57 bn and 12,200 employees. The NCC shares are listed on Nasdaq Stockholm.