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