NRC Group ASA ( (NNRRF) ) has released its Q1 earnings. Here is a breakdown of the information NRC Group ASA presented to its investors.
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NRC Group ASA is a leading Nordic infrastructure company specializing in rail construction and maintenance, with operations in Norway, Sweden, and Finland. The company is known for its focus on sustainable infrastructure solutions and operational excellence.
In the first quarter of 2025, NRC Group ASA reported significant improvements in its financial performance, reflecting the positive impacts of its strategic initiatives. The company achieved a notable reduction in its EBIT loss, signaling progress towards profitability.
Key financial highlights include an EBIT of NOK -27 million, a substantial improvement from NOK -99 million in the same period last year. The order backlog reached a record high of nearly NOK 9 billion, with a strong quarterly order intake of NOK 2.2 billion. The company secured major contracts across its operating regions, demonstrating its competitive edge in the growing infrastructure market.
Despite challenges in certain segments, such as a decline in revenue in Sweden, the company showed resilience with improved margins in Norway and Finland. The strategic restructuring and operational efficiency programs are beginning to yield results, positioning NRC Group for future growth.
Looking ahead, NRC Group remains optimistic about its ability to achieve an EBIT margin of over 2.0% for 2025, with a long-term target of exceeding 5% by 2028. The company is committed to leveraging its strong order backlog and strategic initiatives to drive sustainable growth and value creation.