NRC Group ASA – Q2 and first half 2022 results

NRC Group today published its financial results for the second quarter and first half of 2022.

The Company will present the quarterly and first half yearly results followed by a Capital Markets Update (CMU) from 10:00 to 12:00 CEST at House of Oslo, Ruseløkkveien 34, Oslo.

The presentation will also be broadcasted on the following link:

https://channel.royalcast.com/landingpage/hegnarmedia/20220818_8/

Below you will find a summary and highlights from the report:

Key figures Q2 2022

• Revenue: NOK 1.9 billion vs NOK 1.5 billion in Q2 2021
• EBITA*: NOK 63 million vs NOK 47 million in Q2 2021
• EBITA* margin: 3.3% vs 3.0% in Q2 2021
• Order intake: NOK 2.7 billion vs NOK 2.2 billion in Q2 2021
• Order backlog: NOK 8.3 billion vs NOK 6.7 billion in Q2 2021
• Operating cash flow: NOK -90 million vs NOK -45 million in Q2 2021
• Cash position: NOK 413 million vs NOK 441 million in Q2 2021
• Available cash liquidity: NOK 613 million vs NOK 641 million in Q2 2021

Key figures first half 2022

• Revenue: NOK 3.1 billion vs NOK 2.7 billion in first half 2021
• EBITA*: NOK 26 million vs NOK -12 million in first half 2021
• Operating cash flow: NOK -21 million vs NOK -29 million in first half 2021
• Order intake: NOK 3.5 billion vs NOK 3.0 billion in first half 2021

“The second quarter is once again a confirmation of a successful transformation of NRC Group. Our focus on profitability, by winning the right projects at the right price, clearly yields results. We will continue to focus on profitability and core processes in tendering and project execution. Going forward we will also capitalise on our leading position in the Nordics, by utilising competence and capacity across borders”, says Henning Olsen, CEO of NRC Group.

The second quarter and first half 2022 result report and result presentation can be found attached and will be available on the company’s homepage: www.nrcgroup.com

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.

This stock exchange announcement was published by Cecilie Blaauw Cock, Marketing & Communication at NRC Group ASA, on 18 August 2022.

* Before other income and expenses (M&A expenses)