NRC Group ASA (NNRRF) has released an update.
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NRC Group ASA faces financial challenges in Q2 2024, including a substantial downward adjustment of roughly NOK 160 million due to scope changes in a major Norwegian-Swedish rail project and other issues, leading to a negative operational outlook for the year. Despite these setbacks, the company reports strong investment trends in Nordic countries and maintains a long-term revenue goal of over NOK 10 billion with an adjusted EBIT margin above 5% by 2028. Preliminary figures show reduced second-quarter revenue and a negative adjusted EBIT margin, with final details to be confirmed in the upcoming Q2 report.
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