NRC Group ASA ( (NNRRF) ) has released its Q4 earnings. Here is a breakdown of the information NRC Group ASA presented to its investors.
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NRC Group ASA is a prominent player in the Nordic infrastructure sector, focusing on construction, maintenance, and environmental services across Norway, Sweden, and Finland.
In its latest earnings report, NRC Group ASA reflected on a challenging year in 2024 marked by transformation and strategic realignment. Despite disappointing financial outcomes, the company remains optimistic about future growth, with a vision to achieve significant revenue and margin targets by 2028.
Key financial metrics for 2024 show a slight increase in revenue to NOK 6,892 million from NOK 6,732 million in 2023, but the company faced a significant loss with an EBIT of NOK -820 million. The order backlog increased to NOK 7,971 million, indicating a stronger project pipeline. The company’s restructuring efforts included a share issue of NOK 250 million, and it secured a major contract in Finland valued at approximately EUR 81 million.
The company is committed to a strategic roadmap aimed at operational excellence and market expansion, particularly in the civil segments of Finland and Sweden. The management’s outlook for 2025 is positive, with expectations of revenue around NOK 7 billion and a margin above 2.0%, aligning with their long-term ambition to surpass NOK 10 billion in revenue by 2028.
Overall, NRC Group ASA is positioning itself for a robust growth trajectory, leveraging its strengthened financial platform and strategic initiatives to enhance shareholder value and establish itself as a leading infrastructure builder in the Nordics.
