Interim report Q4: Strong cash flow and activities to adapt the operations to the current market climate and improved profitability
October – December 2023
- Net sales decreased by 9% and amounted to SEK 888 (973) million
- Organic growth amounted to -15 (20) %
- Adjusted EBIT amounted to SEK 31 (79) million with a margin of 3.5 (8.1) %
- Cash flow from operating activities amounted to SEK 195 (196) million
- Earnings per share for the period before and after dilution amounted to SEK 0.11 (0.98)
January – December 2023
- Net sales increased with 4% and amounted to SEK 3,526 (3,402) million
- Organic growth amounted to -4 (25) %
- Adjusted EBIT amounted to SEK 173 (244) million with a margin of 4.9 (7.2) %
- Cash flow from operating activities amounted to SEK 292 (268) million
- Earnings per share for the period before and after dilution amounted to SEK 0.71 (2.67)
- The board of directors has chosen not to propose any dividend
– The fourth quarter shows higher revenue and improved margins compared to the third quarter, but we continue to be affected by the tough market conditions. Encouragingly, towards the end of the year, we secured two major contracts for infrastructure projects planned to be completed in 2024, and our service areas of mining and exploration drilling, as well as operation and maintenance, continue to strengthen and show stable results. Additionally, we are pleased with our strong cash flow in the quarter and the effectiveness of the measures we have taken to increase efficiency and cost savings, 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 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 13 February 2024 at 07:45 CET.
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.