NRC Group ASA - Appointed to a major frame contract in Finland - EUR 200 million

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Finnish Transportation Infrastructure Agency (FTIA) has appointed NRC Group Finland, a company wholly owned by NRC Group ASA, to a frame contract for procurement, logistics and warehousing of railway specific materials in Finland.

The procurement, logistics and warehousing are operated by NRC Group Finland today. This contract secures continuation for this business for another five years. The contract has an estimated revenue of approximately EUR 200 million over the next five years. The value of the contract will not be included in the orderbook.

The work will commence in January 2022 and is scheduled for completion in December 2026. The contract has an additional 2+2 year option period valued at approximately EUR 160 million.

“This was an important contract win for our Finnish organisation to secure predictability and to continue to further developing our material operation”, says Henning Olsen, CEO of NRC Group.

Closing date for submission of complaints is 14 days from today, and formal contractual signing can take place after this period at the earliest.

For further information, please contact: Henning Olsen, CEO of NRC Group, + 47 91 74 15 92.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation, and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

The stock exchange announcement was published by Cecilie Blaauw Cock, Marketing & Communication, NRC Group ASA.