Interim report for the fourth quarter and full year 2023

Higher profit and good orders received

“NCC achieved its target for earnings per share of SEK 16 after a good 2023, despite a divided construction market and no property sales”, says Tomas Carlsson, President and CEO, NCC.

  • Higher operating profit for the full year mainly due to turnaround for Industry and strong earnings in Infrastructure
  • Good orders received for the quarter and the full year, but major variations between segments and geographies
  • No property development projects were recognized in profit during the quarter, one for the full year that was sold earlier
  • Good cash flow from contracting operations and from divestment of subsidiary
  • Earnings per share amounted to SEK 16.11, in line with the financial target of SEK 16 for 2023
  • The Board of Directors has proposed a dividend of SEK 8.00 (6.00) per share for 2023, to be paid on two occasions. See page 14 in the report

Fourth quarter 2023

  • Orders received amounted to SEK 16,159 M (12,280)
  • Net sales totaled SEK 15,592 M (16,018)
  • Operating profit amounted to SEK 358 M (544)
  • Profit after financial items totaled SEK 354 M (520)
  • Profit after tax was SEK 392 M (407) 
  • Earnings per share after dilution amounted to SEK 4.02 (4.13)

January-December 2023 period

  • Orders received amounted to SEK 56,819 M (53,285)
  • Net sales totaled SEK 56,932 M (54,198).
  • Operating profit amounted to SEK 1,802 M (1,358)
  • Profit after financial items totaled SEK 1,803 M (1,299)
  • Profit after tax was SEK 1,573 M (1,069) 
  • Earnings per share after dilution amounted to SEK 16.11 (10.29)

Information meeting

NCC’s President and CEO Tomas Carlsson and Chief Financial Officer Susanne Lithander will present the report in a webcast and teleconference on January 30, 2024, at 9:00 a.m. (CET). The presentation will be held in English. Presentation material will be available at from approximately 8:00 a.m. CET.

Link to webcast

To participate by phone, please call one of the following numbers five minutes prior to the start of the conference.

SE: +46 8 505 100 31
UK: +44 207 107 06 13
US: +1 631 570 56 13

For further information, please contact:
Susanne Lithander, Chief Financial Officer (CFO), +46 730 37 08 74
Maria Grimberg, Head of Communication & IR, +46 708 96 12 88

NCC’s media line: +46 (0)8 585 519 00,, NCC's Media bank

This information is information that NCC AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on January 30, 2023, at 07:10 a.m. CET.

About NCC. NCC is one of the leading construction companies in the Nordics. Based on its expertise in managing complex construction processes, NCC contributes to the positive impact of construction for its customers and society. Operations include building and infrastructure project contracting, asphalt and stone materials production and commercial property development. In 2022, NCC had sales of SEK 54 bn and 12,500 employees. The NCC shares are listed on Nasdaq Stockholm.