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Interim report Q2: We see a number of signs that the worst is now behind us

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April – June 2024

  • Net sales decreased by 5% and amounted to SEK 858 (907) million
  • Organic growth amounted to -6 (-10) %
  • Adjusted EBIT amounted to SEK 48 (74) million with a margin of 5.6 (8.2) %
  • Cash flow from operating activities amounted to SEK 35 (101) million
  • Earnings per share for the period before and after dilution amounted to SEK 0.47 (0.72)

- Rock Sweden continues to perform well, but the low new housing construction negatively impacts the Foundation Sweden segment. In Norway, we experienced a weaker market than expected in the second quarter, which, along with Foundation Sweden, explains the reduced turnover and lower margin for the quarter. However, we see a good underlying demand for our services and several indicators suggest that the worst is behind us. It's also encouraging that the implemented and initiated activities to restructure and concentrate our operations, as well as adjust our cost base, are yielding the desired results, says Andreas Christoffersson, CEO Nordisk Bergteknik AB.

The interim report is attached in its entirety to this press release and on the company’s website: https://nordiskbergteknik.se/en/investors/reports-and-presentations/

A presentation with comments on the report is available on the company's website: https://nordiskbergteknik.se/en/investors/reports-and-presentations/

This is information that Nordisk Bergteknik AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act. The information was submitted, through the care of the contact persons below, for publication on 14 August 2024 at 07:45 CEST.

For further information, contact:

Andreas Christoffersson, CEO, +46 70-621 19 28, andreas.christoffersson@bergteknikgroup.com

Johan Lundqvist, CFO, +46 76-392 71 21, johan.lundqvist@bergteknikgroup.com

About Nordisk Bergteknik

Nordisk Bergteknik has a clear growth strategy with the objective to contribute to the development of a future sustainable society. Our companies are specialists within rock handling and foundation solutions, and through compassion and skill they are able to combine demand with the surrounding natural conditions. To be involved at an early stage in building modern societal functions is our everyday life, our home ground and our future.

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