Continued strong outlook for sustainable infrastructure

Finland performed well in this quarter, with light rail projects as the main driver for both growth and increased profitability. In Norway, a low activity level and weaker margins within Environment lead to lower profitability. Most of the Swedish portfolio performed well, and our improvement program has reduced our fixed cost base significantly. Unfortunately, still challenges in some of the zero margin projects impacted the results negatively.  Finlandperformed well in this quarter, with...

Norway, 10/11/2020 (informazione.news - comunicati stampa - trasporti)

Finland performed well in this quarter, with light rail projects as the main driver for both growth and increased profitability. In Norway , a low activity level and weaker margins within Environment lead to lower profitability. Most of the Swedish portfolio performed well, and our improvement program has reduced our fixed cost base significantly. Unfortunately, still challenges in some of the zero margin projects impacted the results negatively. 

" " Olsen continued.

A global rising rate of coronavirus infection leads to higher uncertainty for many companies. Governmental restrictions and recommendations are intensified across the Nordics, as the numbers of affected are at highest levels since March. The pandemic has had limited operational impact for NRC Group so far. Although newly announced restrictions related to workforce mobility in some countries will lead to higher cost for the impacted projects.

Olsen added.

Henning Olsen
CEO i NRC Group
+ 47-91-74-15-92.

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https://news.cision.com/nrc-group/r/continued-strong-outlook-for-sustainable-infrastructure,c3234105

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