NRC Group ASA (0DSJ) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.554 -- 00:00:06.600 A warm welcome to the presentation for the third quarter of the NRC Group. 00:00:06.600 -- 00:00:11.343 As usual after this presentation, there is a possibility to ask questions. 00:00:13.467 -- 00:00:18.632 I think the third quarter is stable and it strengthens our confidence that we 00:00:18.632 -- 00:00:23.677 will deliver according to the guidance that we have guided for the coming 00:00:23.677 -- 00:00:28.683 years. And I also think it is an indication that we continue to follow our strategic 00:00:28.683 -- 00:00:34.081 plan. We have an order backlog that is on a solid level of 8.5 00:00:34.081 -- 00:00:36.081 billion. 00:00:36.265 -- 00:00:42.034 We deliver a margin in the quarter of 3.6%, which I 00:00:42.034 -- 00:00:46.301 also think is an indicator that we are on the right 00:00:46.301 -- 00:00:52.731 track. A highlight is the Finnish area in the quarter, which delivers a margin of 7.7% 00:00:52.731 -- 00:00:58.107 in the quarter. We have a reduction in the cash flow that comes from 00:00:58.107 -- 00:01:03.217 some larger contracts in Finland and from a maintenance contract and a rate 00:01:03.217 -- 00:01:05.181 contract in Sweden. 00:01:05.181 -- 00:01:11.731 I feel confident that we will get a cash flow release in the fourth quarter. 00:01:12.526 -- 00:01:17.531 If we talk about order entry, we have a stalled order entry and it is 00:01:17.531 -- 00:01:22.977 as previously communicated, especially in the second quarter, derived from Finland. 00:01:22.977 -- 00:01:28.103 We are currently in a timing effect where we are designing two larger 00:01:28.103 -- 00:01:31.647 light rail contracts in Helsinki and Turku. 00:01:31.647 -- 00:01:36.732 We expect that these design contracts will transition to production 00:01:36.73...