Year-end report January-December 2019
Significant events during the quarter
In December, the company issued an additional SEK 100 million under the existing bond.
In December, all shares in Bohus Bergsprängning AB were acquired with a turnover for the last fiscal year of approximately SEK 129.0 million.
Significant events after the end of the reporting period
No significant events to report after the end of the quarter.
Consolidated sales and earnings (all in MSEK, corresponding period last year in brackets):
October – December 2019
- Net sales amounted to 191.9 (162.2).
- Operating profit before depreciation and amortization amounted to 24.6 (23.0).
- Operating profit amounted to 12.2 (3.9).
January – December 2019
- Net sales amounted to 725.3 (519.1).
- Operating profit before depreciation and amortization amounted to 96.3 (66.3).
- Operating profit amounted to 37.3 (23.3).
The increases compared to the previous year, for both the quarter and for the first half, in sales and profit measures are attributable to completed acquisitions and organic growth.
Consolidated balance sheet and cash flow
The Group’s assets and liabilities decreased during the quarter mainly as a result of the redemption of loans and the issuance of an additional SEK 100 million within the framework of the existing bond. Cash flow from operating activities amounts to 56.6 (7.2). In the fourth quarter, accounts receivable decreased, which had a positive effect on cash flow from operating activities. Bohus Bergsprängning, which was acquired in December 2019, is included in the balance sheet as of 2019-12-31.
The bond terms contain a covenant for the net debt / EBITDA ratio, which may not exceed 4.75. Net debt amounts to SEK 454,991 thousand and EBITDA to SEK 141,092 thousand, both calculated according to the definitions of the bond terms, which gives the ratio 3.22 at December 31, 2019.
Download the complete report: Year-end report jan-dec 2019 (PDF)
For further information, contact:
Andreas Christoffersson, CEO, e-mail: email@example.com, tel: 070-621 1928.
Johan Lundqvist, CFO, e-mail: firstname.lastname@example.org, tel: 076-392 7121.
About Nordisk Bergteknik
Nordisk Bergteknik is a group of strong growth with operations in rock handling and grounding, where the main areas include drilling, blasting, rock reinforcement, piling, sheet piling and foundation reinforcement. Today, the Group’s subsidiaries are primarily active in Sweden and Norway.
This information is such information that Nordisk Bergteknik AB AB (publ) is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication on 28 February 2020 at the time of the above contact persons. 12:00 CET.