NCC Group plc (NCC) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this presentation of the fourth quarter and the full year of 2024 for the NCC Group. I'm Thomas Karlsson, the CEO, and with me here I have our CFO, Susanne Litander. But let's start with a short glance of the key figures. In the fourth quarter, NCC's net sales was 20.3 billion SEK and 61.6 billion for the full year, higher than last year. Operating profit was 844 million in the quarter and 2 billion for the full year, a clear improvement versus 2023. Orders received in a quarter was 13.4 billion SEK, which resulted in the annual orders received reaching 54.7 billion. The order backlog at the end of the year was 50.7 billion. Good morning. Welcome back. And this is the way that I think about the fourth quarter and the full year of 2024. It was a strong quarter. It was a strong year. We have an all time high earnings for three business areas and we have an exceptionally strong cash flow. All of that we will talk about in some more detail in a short while. We are reaching the target of EPS 16 sec. And for the business areas, we have a strong performance in industry throughout the year. Infrastructure on a stable level and meeting a strong demand in the market. We have record high earnings in property development in the fourth quarter. We have improved profit in building Nordics and actually an all time high for building Nordics as well, while building Sweden is weaker after an adjustment of the risk profile for finalized projects. And as a consequence of that, the board proposed a dividend to the AGM of nine SEC, which is an increase from eight and then an extra dividend of two SEC per share. That's the summary of the quarter. And overall, I'm super happy about the quarter and the year. For the year, we have stable orders received. And well w...