NCC Group plc (NCC) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody, and welcome to this presentation of the first quarter 2025 for the NCC Group. I'm Thomas Karlsson, the CEO of the company, and with me here today, I have Susanne Litander, our CFO. And first, some key figures for the group. But the way to think about the quarter is this, it's the stable performance, seasonally slow as always and good overall demand. Sales and EBIT very stable, good orders received, high orders received in Building Sweden. In industry, we have a very clear pronounced seasonality, but we have a strong demand in the industry business. Infrastructure solid with good demand and continued profit development in building Nordics. Property development has not recognized any sales of properties this quarter, and we will point that out to guide you through the presentation going forward. Orders received, book-to-bill won on a rolling 12 basis and won almost one billion higher than last year. So good orders received for the group. Solid order backlog. However, and I think this is important because it's very pronounced this quarter, The strengthening Swedish krona has a negative impact on the overall order backlog. In reality, this doesn't matter because it's order backlog in local currency that will be generate revenues in local currencies with cost in local currencies. But when we translate it to Swedish krona, it has an effect of quite significant effect in the quarter and has had that both positive and negative earlier quarters as well. In the quarter, we received a number of large projects. Here are three projects from different business areas, all 600 million SEK, reinforcement European route, E10 in Sweden, expansion of district heating in Copenhagen, and a new school and sports facility in Stockholm, in the Stockholm area. Net sal...