NRC Group ASA (0DSJ) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

presentation for the second quarter of 2021-2025 for NRC Group. In normal order, it is possible to ask questions after this presentation. My feeling for the second quarter is that I think we deliver a stable, strong second quarter and it is in line with our expectations and my expectations. I think the hard work with reorganizing, restructuring and restarting the company now successively gives effect. If I look at the result per country, I can gladly note that all three countries are now contributing to the result. If we start here in Norway, we see a clean EBIT margin of 4.8%, which is a strong improvement from the previous year when we had declines in the second quarter. If I move to Sweden, it is the same thing there. We have a clean EBIT margin of 2.8%, which is also a powerful improvement compared to previous years, when we had a downturn. If I look at the results, it is actually the best second quarter we have delivered since the company was founded in Sweden. If we move to Finland, we also see a powerful improvement of our clean EBIT margin of 4.9%. The order entry in the second quarter has been on a stable, strong level, but a little unbalanced. We have a strong order entry in Finland and Sweden and a somewhat weaker order entry here in Norway. I will return to that. I will take some projects that stand out in the second quarter, starting with Finland. It shows that we are still a very strong and competitive actor in the Finnish business, with the profit of MA3, which is a large maintenance contract. If I move to Sweden, where we have focused on restarting our civil operations, where we focus on energy, defense and the water sector, we have a big profit from our new customer E.ON with an energy project that is valued at just over 600 million SEK per quarter. ...