NRC Group ASA Faces Financial Headwinds

NRC Group ASA (NNRRF) has released an update.

NRC Group ASA reported a challenging second quarter with significant financial adjustments, including a NOK 160 million downward adjustment and goodwill impairment charges totaling NOK 650 million, resulting in a negative operating profit margin. Their half-year results also reflected these difficulties, with an adjusted operating profit margin of -4.3% and an increased net interest-bearing debt. Despite these setbacks, the company maintains a strong tender pipeline and is exploring options to strengthen liquidity, including a potential share issue.

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