Higher operating profit and good orders received
"Major improvement in the Industry business area and stability in other business areas made this a good quarter for NCC", says Tomas Carlsson, CEO NCC.
- Stable orders received in the quarter with good increase in Infrastructure and Industry
- Higher net sales during the quarter, in line with the first six months of the preceding year
- Operating profit increased 24 percent for the quarter compared to the same quarter last year
- Cash flow was seasonally negative but better year-on-year, mainly the result of lower investments in ongoing property projects
Second quarter of 2024
- Orders received amounted to SEK 14,664 M (14,691)
- Net sales totaled SEK 15,448 M (14,854)
- Operating profit amounted to SEK 623 M (503)
- Profit after financial items totaled SEK 589 M (493)
- Profit after tax was SEK 472 M (407)
- Earnings per share after dilution amounted to SEK 4.83 (4.17)
First half-year of 2024
- Orders received amounted to SEK 28,016 M (30,979)
- Net sales totaled SEK 27,009 M (27,319)
- Operating profit amounted SEK 523 M (655)
- Profit after financial items totaled SEK 473 M (678)
- Profit after tax was SEK 379 M (560)
- Earnings per share after dilution amounted to SEK 3.88 (5.73)
Information meeting
NCC's President and CEO Tomas Carlsson and CFO Susanne Lithander will present the half-year report in an audiocast and teleconference on July 16, 2024 at 9:00 a.m. (CEST). The presentation will be held in English. Presentation material will be available at ncc.com/ir from approximately 8:00 a.m. (CEST).
Link to audiocast
To participate by phone, please call one of the following numbers five minutes prior to the start of the conference.
SE: +46 8 505 100 31
UK: +44 207 107 06 13
US: +1 631 570 56 13
For further information, please contact:
Susanne Lithander, CFO, +46 730 37 08 74
Maria Grimberg, Head of Communication & Investor Relations, +46 708 96 12 88
NCC's media line: +46 8 585 519 00, press@ncc.se, NCC's Media bank
This information is information that NCC AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, on July 16, 2024, at 07:10 a.m. CEST.
About NCC. NCC is one of the leading construction companies in the Nordics. Based on its expertise in managing complex construction processes, NCC contributes to the positive impact of construction for its customers and society. Operations include building and infrastructure project contracting, asphalt and stone materials production and commercial property development. In 2023, NCC had sales of SEK 57 bn and 12,200 employees. The NCC shares are listed on Nasdaq Stockholm.
