Q1 2021 NRC Group ASA Earnings Call Transcript
Welcome to NRC Group's quarter-one presentation. This presentation will also be followed by a Q&A session at 10:00 today. Please refer to our stock notice for participation details.
As always, quarter one is impacted by winter conditions and they have a high seasonality in our business. Especially within the construction contracts, the activity level is low, however, it is an important season, and our employees has done a good job making sure we have stable train traffic at our Swedish and Finnish maintenance contracts throughout the winter.
The revenue is more or less in line with last year, adjusted for the one-off sales of inventory in Finland, quarter-one 2020, and the EBITDA of minus NOK59 million is also in line with last year. The order intake for the quarter was NOK860 million, and this was negatively affected by the cancellation of the Maintenance Area 5 contract in Finland with minus NOK183 million, but it was also impacted by negative currency effects of NOK240 million. So the quarter-one order intake level was at satisfactory level. And
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