Interim report Q2: Strong cash flow and advanced positions in the mining industry
April – June 2023
- Net sales were in line with previous year and amounted to SEK 907 (911) million
- Organic growth amounted to -10 (25) %
- Adjusted EBIT amounted to SEK 71 (74) million with a margin of 7.8 (8.2) %
- Cash flow from operating activities increased to SEK 101 (-9) million
- Earnings per share for the period before and after dilution amounted to SEK 0.72 (0.78)
"The second quarter has been marked by continued strong general demand for our infrastructure services, while the decline in construction of new housing has had a negative impact. Net sales for the second quarter amounted to SEK 907 million, which was in line with the previous year. Cash flow has remained strong during the quarter with a cash flow from operating activities of SEK 101 million. The demand for our services in infrastructure, the green transition and mining industry is estimated to be at a high level going forward in both Sweden, Norway and Finland. As a leading strategic partner, we have a strong position in the market, which makes us well positioned for the rest of the year", says Andreas Christoffersson, CEO of Nordisk Bergteknik AB.
The interim report is attached in its entirety to this press release and on the company’s website: https://nordiskbergteknik.se/en/investors/reports-and-presentations/
A presentation and a recorded video where the company's CEO and CFO comment on the report can be found on the company's website: https://nordiskbergteknik.se/en/investors/reports-and-presentations/
This is information that Nordisk Bergteknik AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act. The information was submitted, through the care of the contact persons below, for publication on 17 August 2023 at 07:45 CEST.
For further information, contact:
Andreas Christoffersson, CEO, +46 70-621 19 28, andreas.christoffersson@bergteknikgroup.com
Johan Lundqvist, CFO, +46 76-392 71 21, johan.lundqvist@bergteknikgroup.com
About Nordisk Bergteknik
Nordisk Bergteknik has a clear growth strategy with the objective to contribute to the development of a future sustainable society. Our companies are specialists within rock handling and foundation solutions, and through compassion and skill they are able to combine demand with the surrounding natural conditions. To be involved at an early stage in building modern societal functions is our everyday life, our home ground and our future.