Good orders received and improved earnings
"Yet another stable quarter for NCC, primarily due to improvements in the Industry and Building Nordics business areas", says Tomas Carlsson, President and CEO at NCC.
- Improved orders received in the third quarter, primarily in Infrastructure and Building Sweden
- Net sales for the quarter in line with the preceding year
- Operating profit for the quarter improved by approximately 8 percent compared to the same quarter last year, adjusted for positive nonrecurring effects in the third quarter of 2023 (divestment of Bergnäset)
- Cash flow was lower than in the preceding year due to higher working capital and the divestment of Bergnäset in the comparative quarter
Third quarter of 2024
- Orders received amounted to SEK 13,264 M (9,681)
- Net sales totaled SEK 14,277 M (14,022)
- Operating profit amounted to SEK 665 M (789)
- Operating profit amounted to SEK 665 M (614), excluding the divestment of Bergnäset in the comparative quarter
- Profit after financial items totaled SEK 612 M (771)
- Profit after tax was SEK 472 M (621)
- Earnings per share after dilution amounted to SEK 4.83 (6.36)
January-September 2024 period
- Orders received amounted to SEK 41,281 M (40,660)
- Net sales totaled SEK 41,287 M (41,341)
- Operating profit amounted to SEK 1,188 M (1,444)
- Operating profit amounted to SEK 1,188 M (1,269), excluding the divestment of Bergnäset in the comparative period
- Profit after financial items totaled SEK 1,085 M (1,449)
- Profit after tax was SEK 851 M (1,181)
- Earnings per share after dilution amounted to SEK 8.71 (12.09)
Information meeting
NCC's President and CEO Tomas Carlsson and Chief Financial Officer Susanne Lithander will present the interim report at a webcast and teleconference on October 25, 2024 at 8:30 a.m. (CEST). The presentation will be held in English.
Presentation material will be available at ncc.com/ir from approximately 7:30 a.m. (CEST).
Link to webcast
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, Chief Financial Officer (CFO), +46 730 37 08 74
Andreas Koch, Head of Communications & Investor Relations, +46 705 09 77 61
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. The information was submitted for publication, through the agency of the contact person set out above, on October 25, 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.
