Interim report Q1: Strong development within Rock Sweden and positive effects of cost adaptions

January – March 2024

• Net sales decreased by 18% and amounted to SEK 751 (912) million
• Organic growth amounted to -21 (21) %
• Adjusted EBIT amounted to SEK 24 (51) million with a margin of 3.2 (5.6) %
• Cash flow from operating activities amounted to SEK 51 (93) million
• Earnings per share for the period before and after dilution amounted to SEK -0.26 (0.29)

– The very low activity in housing construction and its surrounding effects continue to negatively impact on the group's financial performance, particularly our revenue. However, ongoing, and initiated activities to restructure and consolidate both Rock Norway and Foundation Sweden are yielding the desired and positive result. The same applies to our efforts to adapt the cost base to the current business climate. It's also encouraging that we've seen strong growth in the Swedish rock operations during the quarter and solid underlying demand in the Norwegian operations, marked by several new project commencements and orders within each unit, both during and after the quarter's end, says Andreas Christoffersson, CEO 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 with comments on the report is available 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). The information was submitted, through the care of the contact persons below, for publication on 2 May 2024 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.