Information concerning revaluation in NCC and preliminary result for Q3
As previously communicated, NCC will present the results of a comprehensive analysis of the company and a number of measures to improve profitability on Tuesday, October 16, at 7:10 a.m. The company will also present preliminary Q3 figures.
At an extra Board meeting today, on October 15, decisions were made on revaluations in addition to current operations that negatively affect the preliminary result of NCC in the amount of approximately SEK 1,565 million. Accordingly, the operating loss is estimated at approximately SEK 1,108 million. The revaluations relate mainly to ongoing disputes and guarantees as well as certain development properties.
“Tomorrow, at our capital markets day, NCC will present the path forward for the company and measures to improve profitability. Despite the revaluations that affect earnings for the third quarter, the company has a strong core and there is a good and clear plan going forward in all business areas,” says Tomas Carlsson, CEO of NCC.
In order to comply with the regulations stipulated in the EU Market Abuse Regulation, NCC is publishing this information at 9:50 p.m. on October 15.
A press release, distributed at 7:10 a.m., includes the preliminary figures for the third quarter as well as a summary of the measures going forward. You are welcome to join the webcast of NCC’s Capital Markets Meeting on October 16 at 9:00 a.m., during which there will be the opportunity to ask questions. The webcast can be accessed at ncc.group/cmd.
For further information, please contact:
NCC’s media line +46 (0)8 585 519 00, E-mail: firstname.lastname@example.org, 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, at 9:50 p.m. CET on October 15, 2018.
About NCC. Our vision is to renew our industry and provide superior sustainable solutions. NCC is one of the leading companies in the Nordics within construction, infrastructure and property development, with sales of SEK 55 billion and 17,800 employees in 2017. The NCC share is listed on NASDAQ Stockholm.