Q4 2020 NRC Group ASA Earnings Call Transcript
Welcome to the quarter-four presentation from NRC Group. Due to COVID-19, we will do this as a webcast, followed by a Q&A session at 10:00 later today.
As always, the activity level in NRC Group drops in quarter four due to entering winter season. We ended up with a revenue of NOK1.6 billion, which is 5% less than last year. We delivered strong results from our Finnish operations. However, this is compensated by weaker than expected results from our demolition and recycling business in Norway.
The order intake for the quarter is NOK1.4 billion, somewhat lower than what we aimed for, driven by weaker order intake in the Swedish business and in rail construction in Norway.
On the positive side, we delivered a strong cash flow from operation in quarter four and for the year as a total. And this is an important indication for us that we are moving in the right direction. And this leaves us with a solid cash position of NOK610 million at end of year.
COVID-19 is still impacting our operation, and especially in Norway. The latest
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