NCC Group: Interim report January-Marsch 1999

NCC GROUP: INTERIM REPORT JANUARY-MARCH 1999 * The Group reported a loss for the period of SEK 63 m. (loss: 85) after net financial items. The corresponding pro forma figure including Superfos Construction during the preceding year was a loss of SEK 63m. (loss: 198). * On a rolling 12-month basis, earnings amounted to SEK 752 m., compared with SEK 730 m. for full-year 1998. The corresponding pro forma figure including Superfos Construction was income of SEK 917 m., compared with SEK 782 m. for full year 1998. * The consolidated result after full tax amounted to a loss of SEK 47 m. (loss: 65), equal to a loss of SEK 0.40 per share (loss: 0.60) per share. On a rolling 12-month basis, the Group showed earnings of SEK 5.20 per share, compared with SEK 5.00 per share for full-year 1998. * Total orders received by construction operations rose by 13 percent to SEK 8.1 billion (7.2). * In February, following quarter-end, NCC acquired the Superfos Group´s asphalt and ballast operations, with annual sales of approximately SEK 1.7 billion. The acquired company will be merged with NCC's wholly owned sub- sidiary NCC Rasmussen & Schiøtz to form the largest construction company in Denmark by a large margin. * In March, NCC sold its shareholding in Neptun Maritime to Sea Containers. A total of 65 percent of the shareholding was sold for cash, at a price of FIM 18 per share, corresponding to approximately SEK 370 m. At the same time, an option was signed granting the seller the right to sell the remaining holding in three years time for FIM 15 per share. The cash sale generated a capital gain of approximately SEK 100 m. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/05/05/19990505BIT00500/bit0001.pdf The full report http://www.bit.se/bitonline/1999/05/05/19990505BIT00500/bit0002.doc The full report