Q2 2026 Ncc AB Earnings Call Transcript
Key Points
- NCC AB (LTS:0OFP) reported a high level of orders received, totaling SEK14.1 billion, indicating strong market demand.
- The Industry segment achieved record high Q2 earnings of SEK448 million, driven by strong asphalt demand and improved product mix.
- The company improved margins in the contracting business, contributing to a stable group EBIT of SEK635 million.
- The order backlog increased by SEK5.2 billion over the last six months, with a book-to-bill ratio of 1.2 for the first half of the year.
- NCC AB (LTS:0OFP) has a positive market outlook, particularly in infrastructure, industrial construction, and public builds, with strong demand for asphalt across all active markets.
- The company faced increased costs from legal disputes, which significantly impacted the overall financial performance.
- Net sales in the contracting business were lower due to reduced orders received in late 2024 and early 2025.
- Building Nordics experienced lower earnings and margins due to temporary lower volumes in Norway and Finland.
- The Property Development segment reported only SEK8 million in earnings for Q2, with no profit recognitions during the quarter.
- The company anticipates that legal dispute costs will continue for several years, potentially affecting future financial results.
Good morning, everybody. I'm Tomas Carlsson. And with me here today, I have Susanne Lithander, our CFO. And now this is the last report from Susanne Lithander that you will hear as she is starting to phase into her retirement. So from tomorrow, we will have a new CFO for NCC. So I'd like to take this opportunity to say thank you, Susanne, for all these reports and also welcome to Katarina.
And with that, we move on to the summary of the quarter. The way to think about the quarter is it's a good performance for the group. We have yet another quarter with high levels of orders received, SEK14.1 billion. We have industry -- business area Industry, stone and asphalt having a record high Q2 earnings. I'll get back to that in a little while with SEK448 million.
We have improved margin in the contracting business. And altogether, we have a stable group EBIT of SEK635 million. If we look at it a little bit on the underlying earnings, it looks like this. Contracting, robust earnings, improved margins. However, lower sales as we've been
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