Third quarter 2018 North Investment Group AB (publ)
In Q3 2018, North Investment Group AB (publ) ("NIG", “North Investment Group” or
the “Company”) secured financing through the placement of a senior secured bond
issue of SEK 325 million (SEK 600 million borrowing limit) with a three-year tenor.
Strong order income with SEK 554 million year-to-date (“YTD”) as of Q3 2018,
compared to SEK 540 million same period last year.
Strong performance and well ahead of budget in Norway. Weaker performance in
Sweden due to currency effects, loss of a large customer and order delays from the
public sector because of the election outcome.
Strong gross profit margin improvement of 39.7% YTD, compared to 34.1% last year
as outsourcing strategy