Interim report Q1: Profitable growth and strong cash conversion

January – March 2023

• Net sales increased with 44 % and amounted to SEK 912 (632) million
• Organic growth increased with 21 (29) %
• Adjusted EBIT increased with 56 % and amounted to SEK 34 (22) million with a margin of 3.7 (3.5) %
• Cash flow from operating activities increased to SEK 93 (12) million
• Earnings per share for the period before and after dilution increased to SEK 0.29 (0.19)

"Nordisk Bergteknik delivered continued profitable growth during the first quarter of the year, which is seasonally our weakest as project activity is lower. Net sales increased with 44 %, of which 21 % was organic growth. At the same time, we have continued to strengthen our cash flow, which contributes to a continued good financial position. Despite concerns about a weaker economy, we still see a high willingness to invest and large investments in infrastructure projects for a long time to come in both Sweden and Norway. Our services are also critical for the development of a sustainable society. This, in combination with a good underlying demand for our services, means that we have good conditions to deliver continued stable profitability", 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/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). The information was submitted, through the care of the contact persons below, for publication on 4 May 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.