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NRC Group ASA (NNRRF)
OTHER OTC:NNRRF
Earnings Data
Report Date
May 16, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.03Last Year’s EPS
-0.04Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 30.56%
|Next Earnings Date:May 16, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there were significant achievements such as record high cash flow, strong order intake, and a successful turnaround in Sweden, challenges such as declining revenue, issues in Finnish rail projects, and weak performance in the demolition and recycling business were also highlighted.Company Guidance
In the fourth quarter earnings call for NRC Group, the executives provided a comprehensive overview of the financial performance and strategic direction for 2023. The company reported a record high cash flow from operations at NOK 376 million, with a full-year revenue of NOK 6.7 billion, down 4% compared to 2022. The operational result, EBIT adjusted, was NOK 121 million, resulting in a margin of 1.8%. Notably, order intake in the fourth quarter was NOK 2.0 billion, and the backlog at the end of 2023 stood at NOK 6.9 billion, a decrease of 11% from the previous year. The company highlighted several significant contracts, including a NOK 436 million joint venture in Norway, a SEK 456 million project in Sweden, and an EUR 18 million contract in Finland. The guidance for 2024 anticipates a slight increase in revenue and EBIT margins, with a continued focus on building a profitable growth trajectory across its operating regions, particularly in Sweden, which achieved a breakeven result for 2023. The call also addressed challenges in the Finnish rail division and the demolition and recycling business in Norway, with plans to refine strategies for improvement.Record High Cash Flow from Operations
NRC Group ended the year with record high cash flow from operations at NOK 376 million.
Strong Order Intake
The order intake started well in 2024 with several large contracts valued at NOK 1.9 billion, setting a positive tone for the coming years.
Successful Turnaround in Sweden
Sweden reached a breakeven result in 2023, with several large contracts secured and a high backlog for 2024.
Solid Performance in Norway
Norway delivered a solid result with an EBIT margin of 3.8%, up from 3.4% in 2022, supported by strong performance in rail and civil business.
Improved Health and Safety Metrics
Reduction in both injury rate and sickness absence for the full year, with no serious injuries reported in 2023.
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NNRRF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NNRRF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $0.36 | $0.36 | 0.00% |
| Nov 20, 2024 | $0.33 | $0.34 | +3.03% |
| Aug 29, 2024 | $6.76 | $6.76 | 0.00% |
| May 23, 2024 | $6.76 | $6.76 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NRC Group ASA (NNRRF) report earnings?
NRC Group ASA (NNRRF) is schdueled to report earning on May 16, 2025, TBA Not Confirmed.
What is NRC Group ASA (NNRRF) earnings time?
NRC Group ASA (NNRRF) earnings time is at May 16, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NNRRF EPS forecast?
NNRRF EPS forecast for the fiscal quarter 2025 (Q1) is -0.03.
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