NRC Group ASA - Appointed to a major maintenance contract in Sweden - SEK 773 million

The Swedish Transport Administration has appointed NRC Sverige AB, a company wholly owned by NRC Group ASA, to a contract for the maintenance of railways in the area Mittbanan and Ådalsbanan.

The contract is valued at approximately SEK 773 million and is the largest contract awarded to NRC Sverige AB to date. The contract will involve rail services such as track, signaling and electro. The work will commence in June 2023 and is scheduled for completion in May 2028, with an additional 2-year option period.

“With this appointment, we have secured all our maintenance contracts out for tender this year in Sweden. Systematic work on tender processes and project execution, clearly yield results. We have a sharp focus on winning contracts to the right price, and our team in NRC Group Sweden has done a great job to increase efficiency and improve performance”, says Henning Olsen, CEO of NRC Group ASA.

Closing date for submission of complaints is 10 days from today, and formal contractual signing can take place after this period at the earliest.

For further information, please contact: Henning Olsen, CEO of NRC Group, + 47 91 74 15 92.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation, and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

The stock exchange announcement was published by Siri McKellar Nilsen, Administration, NRC Group ASA.