Aug 19, 2020 / 09:00AM GMT
Henning Olsen - NRC Group ASA - CEO
Welcome to the presentation of second quarter results from NRC Group. Due to COVID-19, we present the second quarter as a webcast, followed by a Q&A session at 11 today. In this picture you see concrete works from one of our project in civil Norway. It's a small high construction connected to the area outside the new Munch Museum with a steel bridge. The construction of ports and [kiosks] is one of our segments in Norway, where we have a strong competitive edge and a strong position in the market.
Due to COVID-19 restrictions, we experienced that prefabricated structures arrived late and quarantine regulations impacted the installation of the steel bridge. This is a good example of how COVID-19 can impact our projects. However, our project manager Martina and her team have handled the challenges very well and the project was completed during the quarter.
In quarter two, revenue amounted to NOK1.7 billion, an 8% growth. The growth is FX related. And EBITDA of NOK27 million is weaker than last year and weaker than what we expected. Margins are
Q2 2020 NRC Group ASA Earnings Call Transcript
Aug 19, 2020
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