Interim report Q3: Continued strong organic growth and increased financial flexibility
July – September 2021
- Net sales increased with 119 % and amounted to SEK 506 (231) million.
- Organic growth amounted to 23 (37) %.
- Adjusted EBIT increased with 55 % to SEK 35 (23) million with a margin of 7.0 (9.8) %.
- Profit for the period amounted to SEK 14 (10) million.
- Earnings per share for the period before and after dilution amounted to SEK 0.42 (0.51).
- After the end of the period, the company’s B shares were listed on Nasdaq Stockholm. In connection with the listing, a new share issue of SEK 500 million was made as well as an early redemption of the company’s bonds, which was replaced with bank financing and increased credit facilities of SEK 650 million.
“Nordisk Bergteknik has continued to strengthen its position as a leading strategic partner within the construction industry during the third quarter. Sales growth amounted to 119 %, where 23 % represents organic growth, with an adjusted EBIT margin of 7.0 %. The organic growth, in combination with completed acquisitions, has implied strong development for the Group the last twelve months and we are now a business that operates with an annual revenue of close to two billion. With a strengthened financial flexibility as a result of the stock exchange listing, we will continue to take an active role in the consolidation of our industry in the Nordic region and be at the forefront of technology at the same time as our current financing costs are significantly reduced”, comments Andreas Christoffersson, CEO of 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/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). The information was submitted, through the care of the contact persons below, for publication on 18 November 2021 at 07:45 CET.
For further information, please contact:
Andreas Christoffersson, CEO, +46 70-621 19 28, firstname.lastname@example.org
Johan Lundqvist, CFO, +46 76-392 71 21, email@example.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.
Leading skills of the industry
Our group companies have experience that stretches back to the 1960s. The foundation is knowledge, skill, and comfort, with a constant strive towards conducting assignments with the utmost quality and safety. We are used to all types of environments and work with both smaller assignments as well as larger projects, and we offer services both above and below ground. Constant effort is allocated towards the equipment, tools, machines and vehicles of our companies. We strive to sustain a well-maintained and modern fleet of machines in order to keep the working environment and operational safety in primary condition