Q1 2025 NCC AB Earnings Call Transcript

Apr 29, 2025 / 07:00 AM GMT

Release Date Price: kr199.6

Transcript

Key Points

Positve

NCC AB (STU:NCGB) reported stable performance with high orders received, particularly in Building Sweden.
The company has a solid order backlog, despite the negative impact of the strengthening SEK.
NCC AB (STU:NCGB) achieved its 2030 CO2 reduction target ahead of schedule and set a new target for further reductions.
The company is financially strong with a low net debt and is ready for selective M&A to complement its current operations.
There is a continued positive market outlook with strong demand in key contracting segments such as infrastructure and public buildings.

Negative

Property development did not recognize any sales of properties this quarter, impacting earnings.
The strengthening SEK negatively affected the overall order backlog when translated to local currency.
Cash flow from operating activities is significantly down from last year due to the absence of property sales.
The commercial property and residential markets remain slow, affecting potential sales.
The company faces competition from smaller players in Sweden and Finland, particularly in less complex projects.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NCCb.ST - NCC AB
Q1 2025 NCC AB Earnings Call
Apr 29, 2025 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everybody and welcome to this presentation of the first quarter 2025 for the NCC Group. I'm Thomas Carlson, the CEO of the company, and with me here today I have Susan Leander, our CFO.

And first, some key figures for the group.

But the way to think about, the quarter quarter is this. It's the stable performance, seasonally slow as over always and good overall demand. Sales and EI very stable, good orders received, high orders received in building Sweden. In industry, we have a very clear pronounced seasonality, but we have a strong demand in the industry business. Infrastructure solid with good demand and continued profit development in building Nordics.

Property development has not recognized any sales of properties

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