NRC Group ASA (0DSJ) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

A warm welcome to the presentation for the third quarter of the NRC Group. As usual after this presentation, there is a possibility to ask questions. I think the third quarter is stable and it strengthens our confidence that we will deliver according to the guidance that we have guided for the coming years. And I also think it is an indication that we continue to follow our strategic plan. We have an order backlog that is on a solid level of 8.5 billion. We deliver a margin in the quarter of 3.6%, which I also think is an indicator that we are on the right track. A highlight is the Finnish area in the quarter, which delivers a margin of 7.7% in the quarter. We have a reduction in the cash flow that comes from some larger contracts in Finland and from a maintenance contract and a rate contract in Sweden. I feel confident that we will get a cash flow release in the fourth quarter. If we talk about order entry, we have a stalled order entry and it is as previously communicated, especially in the second quarter, derived from Finland. We are currently in a timing effect where we are designing two larger light rail contracts in Helsinki and Turku. We expect that these design contracts will transition to production phases in the later part of Q2 next year. We have also had a timing effect in a larger RAID contract in Sweden. The project is underway, but some parts of the production are overdue. I am also confident that this will speed up during Q4 and the coming year. If we look at the order entry, Den är i linje med föregående år, men det jag vill betona är att den har tagit fart ordentligt här i det fjärde kvartalet. Vi har så här långt haft en orderingång på annonserade vinster på 1,4 miljarder som ska jämföras med en orderingång på 1,8 miljarder under hela kvartalet fyr...