NRC Group continues its positive development and had another great quarter with a revenue increase of 42% and EBITDA improvement of 51%. NRC Group also announced the acquisition of NSS Holding AS in connection with the Q2 report. NSS Holding AS is the sole shareholder of Norsk Saneringsservice AS and 70% shareholder in Miljøvakta AS. With this acquisition, NRC Group increases the focus on sustanability requirements and enter the decomissioning market.
The 2018Q2 result report and result presentation can be found on the company's homepage: www.nrcgroup.com
Techstep presented their Q4 2017 on February 15th with the following highlights:
Read more at techstepasa.no
NRC Group continued its positive development and had a record quarter with revenue increase and solid EBITDA growth. NRC Group has also been appointed to several major contracts recently, including the 402 NOKm contract for rebuilding Holtet tramline-base in Oslo.
Fourth-quarter revenue was NOK 673.8 million, an increase of 22.1% compared with the same period of 2016. The early onset of winter impacted activity in Sweden as work on some projects were postponed to 2018. Activity levels in Norway reflected a low level of rail- and tramway projects awarded earlier in the year. EBITDA was NOK 69.7 million (NOK 47.4 million), equalling an EBITDA margin of 10.4% (8.6%) due to solid project execution.
Full-year 2017 revenue was NOK 2,372.8 million, an increase of 20.1% from 2016. EBITDA was NOK 229.2 million (NOK 152.4 million), and the EBITDA margin was 9.7% (7.7%). Full-year revenue-growth and increased profitability reflected continued market expansion, strong project execution and successful delivery on the group’s consolidation strategy.
The 2017Q4 result report and result presentation can be found on the company's homepage: www.nrcgroup.com
Kristian Lundkvist, Founder & CEO in Middelborg, is featured in The Norwegian Business Daily magazine this weekend, where he shares his journey from a salesman to a succussful investor.
Techstep announced its Q3 2017 figures today, in connection with this, Techstep also updated the market on its current product launch status; “Today, Techstep provides a complete Mobile-as-a-service (MaaS) offering consisting of hardware, value adding software and services, and financing. For the first time since we embarked on this journey a year ago, we are truly a one-stop-shop Nordic enabler of the digital workplace” said Gaute Engbakk, CEO and continued “we have spent considerable time on M&A, integration and product development the last year. Now focus and energy shifts to product and solutions roll-out to our large-scale customer and end-user base in Norway and Sweden. Our Mobile-as-a-service (MaaS) solution makes work mobile in a better, easier and more secure and cost-efficient manner for our customers. That is why the MaaS solution is attracting strong interest and we expect it to drive revenue and profitability going forward”.
Read more at www.techstep.no and www.techstepasa.no
NRC Group delivered all-time high revenue and EBITDA and record EBITDA margin in the third quarter, reflecting high activity during the peak season and a continued strong project execution.
The third quarter 2017 result report and result presentation can be found on the company's homepage: www.nrcgroup.com