NCC: Interim report for the third quarter and January-September 2023
Strong operating profit
"A solid quarter for NCC where Infrastructure and Industry, in particular, delivered a good result", says Tomas Carlsson, President and CEO.
- Strong operating profit from business operations and a gain of SEK 175 M on the divestment of a subsidiary
- Infrastructure posted strong operating profit and stable sales
- The Building business areas posted stable sales and orders received but operating profit was impacted by ongoing projects with lower margins
- Industry delivered sharply improved operating profit year-on-year
- Orders received were slightly lower seasonally in the third quarter, and somewhat lower than the previous year due to fewer large projects
- No property development project was recognized in profit during the quarter
- Good cash flow from the contracting operations
- Orders received amounted to SEK 9,681 M (11,607)
- Net sales totaled SEK 14,022 M (14,068)
- Operating profit amounted to SEK 789 M (510)
- Profit after financial items totaled SEK 771 M (490)
- Profit after tax was SEK 621 M (425)
- Earnings per share after dilution amounted to SEK 6.36 (4.13)
- Orders received amounted to SEK 40,660 M (41,005)
- Net sales totaled SEK 41,341 M (38,180)
- Operating profit amounted to SEK 1,444 M (814)
- Profit after financial items totaled SEK 1,449 M (779)
- Profit after tax was SEK 1,181 M (661)
- Earnings per share after dilution amounted to SEK 12.09 (6.26)
NCC's President and CEO Tomas Carlsson and Chief Financial Officer Susanne Lithander will present the report in a webcast and teleconference on October 31, 2023, at 9:00 a.m. (CET). The presentation will be held in English. Presentation material will be available at ncc.com/ir from approximately 8:00 a.m. CET.
Link to webcast (https://creo-live.creomediamanager.com/e83e8cda-9e0a-42f9-902a-23a547feb087)
To participate by phone, please call one of the following numbers five minutes prior to the start of the conference.
SE: +46 8 505 100 31
UK: +44 207 107 06 13
US: +1 631 570 56 13
NCC's Capital Market Day November 9, 2023
NCC welcomes investors, analysts, capital market representatives and the media to a Capital Market Day on Thursday, November 9, 2023 at 13:15 CET, in Stockholm. Read more and register at ncc.com/ir (https://www.ncc.com/investor-relations/reports-and-publications/capital-markets-day/).