NRC Group ASA
LSE:0DSJ
NRC Group ASA
NRC Group ASA is an infrastructure company, which engages in the development and supply of products and services for the construction, maintenance, and groundwork of rail-based transport systems. The company is headquartered in Lysaker, Akershus. The firm specializes in collecting, processing and selling geographical information, image databases, map data, as well as in developing software applications for navigation and location-based products and services. The company is also engaged in the railway infrastructure construction in the Nordic region. The Company’s activities are divided into four geographical segments: Nordic, Mid-Europe, Eastern Europe and Iberia & Latin America. Its service portfolio includes: Aerial Survey, Ground and Mobile Survey, Mapping & Modelling, Data Models & BlomURBEX, Environmental Consultancy and Geographic Information Systems Services. The company also provides services to public and private entities involved in a range of business areas, such as defense, environment, utilities, infrastructure and public administration. The firm operates Litz Entreprenad, Elektrobygbnad Sverige and Segermo as subsidiaries.
NRC Group ASA is an infrastructure company, which engages in the development and supply of products and services for the construction, maintenance, and groundwork of rail-based transport systems. The company is headquartered in Lysaker, Akershus. The firm specializes in collecting, processing and selling geographical information, image databases, map data, as well as in developing software applications for navigation and location-based products and services. The company is also engaged in the railway infrastructure construction in the Nordic region. The Company’s activities are divided into four geographical segments: Nordic, Mid-Europe, Eastern Europe and Iberia & Latin America. Its service portfolio includes: Aerial Survey, Ground and Mobile Survey, Mapping & Modelling, Data Models & BlomURBEX, Environmental Consultancy and Geographic Information Systems Services. The company also provides services to public and private entities involved in a range of business areas, such as defense, environment, utilities, infrastructure and public administration. The firm operates Litz Entreprenad, Elektrobygbnad Sverige and Segermo as subsidiaries.
Revenue: Full-year 2023 revenue was NOK 6.7 billion, down 4% from 2022, with the fourth quarter revenue at NOK 1.8 billion.
Profitability: EBIT adjusted for 2023 was NOK 121 million, with a margin of 1.8%. The margin was 1.4% in Q4, unchanged from last year.
Cash Flow: Record high cash flow from operations at NOK 376 million for 2023.
Order Intake: Strong start in 2024 with NOK 1.9 billion in new contracts announced in January and February; Q4 2023 order intake was NOK 2.0 billion.
Backlog: Year-end 2023 backlog was NOK 6.9 billion, down 11% YoY, but expected to recover to prior year levels in Q1 2024.
Guidance: Management expects a slight increase in revenue and EBIT adjusted margin in 2024 for the group.
Country Performance: Norway delivered solid results, Sweden reached breakeven in 2023, while Finland faced challenges due to project write-downs.
Leverage: Net interest-bearing debt reduced to NOK 761 million, with a leverage ratio of 2.3, meeting the company target.
