Q2 2023 NRC Group ASA Earnings Call Transcript
Welcome to the second quarter presentation for NRC Group. After the presentation, we will host a Q&A session. And for those of you who participate online, you can write your questions in the chat.
Second quarter has been a good quarter for NRC Group with strong financial and operational performance. We continue to see a high activity level and we have delivered a strong second quarter result of NOK65 million. The strong second quarter result confirms the positive trend in the company.
Going back to 2020, we had that EBIT in second quarter of NOK20 million, increasing to NOK32 million in '21 and then delivering NOK60 million last year, which was also a very strong second quarter results. We start to see the results of the actions we have initiated in Sweden for the last six months. We see that the profitability in Norway is continuing to increase, and we have now crossed a 4% EBIT margin measured in the last 12 months in Norway.
We continue to see solid profitability in Finland, although somewhat down from last year.
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