NRC Group ASA – Q1 2024 results

NRC Group today published its financial results for the first quarter of 2024.

CEO Anders Gustafsson and CFO Ole Anton Gulsvik will present the results at 09:00 am (CEST) at Ruseløkkveien 26 (ABG Sundal Collier), Oslo, followed by the Capital Markets Update presentation. 

The first quarter presentation and the Capital Markets Update will also be broadcasted as a webcast on the following link:

https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20240523_4

The presentations will be followed by a live Q&A-session. Investors, analysts and journalists are welcome to participate at Ruseløkkveien 26 or follow the presentations digitally, where questions can be submitted during the event.

Group highlights:

•    Revenue of NOK 1,306 million (NOK 1,291 million)

•    Operating profit margin (EBIT adj. margin) of -3.3% (-3.7%). Operating profit of NOK -43 million (NOK -48 million).

•    Order backlog increased from NOK 6,940 million to NOK 8,195 million with a book-to-bill ratio of 1.9x in the quarter. Order intake was NOK 2,582 million compared to NOK 1,254 million in the same quarter last year.  

•    Operating cash flow of NOK -126 million (NOK -48 million) due to lower EBITDA and increased working capital. Net interest-bearing debt increased by NOK 105 million to NOK 866 million.  

The first quarter 2024 result report and result presentation can be found attached and will be available on the company’s homepage: www.nrcgroup.com

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.

This stock exchange announcement was published by Charlotte Krog, Communication, NRC Group ASA, on 23 May 2024.