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NRC Group ASA to Pursue Legal Action Following Mediation Breakdown

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NRC Group ASA to Pursue Legal Action Following Mediation Breakdown

The latest update is out from NRC Group ASA ( (NNRRF) ).

NRC Group ASA has announced that mediation with Bane NOR over the Electrification of Trønder and Meråkerbanen project has ended without an agreement, prompting the company to pursue legal action. The company aims to protect shareholder interests and expects 2024 EBIT to be at the lower end of its guidance, while targeting NOK 7.0 billion in revenue and an EBIT margin above 2% for 2025.

More about NRC Group ASA

YTD Price Performance: -8.14%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $68.6M

Learn more about NNRRF stock on TipRanks’ Stock Analysis page.

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