Interim report Q4: Continued growth and very strong cash flow to close out the year

October – December 2022

• Net sales increased with 66 % and amounted to SEK 973 (587) million
• Organic growth increased with 20 (16) %
• Adjusted EBIT increased with 74 % and amounted to SEK 79 (45) million with a margin of 8.1 (7.7) %
• Cash flow from operating activities increased to SEK 195 (46) million
• Earnings per share for the period before and after dilution increased to SEK 0.98 (0.16)

January – December 2022

• Net sales increased with 77 % and amounted to SEK 3,402 (1,918) million
• Organic growth increased with 25 (25) %
• Adjusted EBIT increased with 82 % and amounted to SEK 244 (134) million with a margin of 7.2 (7.0) %
• Cash flow from operating activities amounted to SEK 268 (123) million
• Earnings per share for the period before and after dilution increased to SEK 2.67 (1.28)
• The board proposes an ordinary dividend of SEK 1.00 per share

"Nordisk Bergteknik delivered continued strong growth with solid profitability during the last quarter of the year. Net sales increased by 66%, of which 20% was organic growth. The cash flow was significantly strengthened, which, together with an increasingly large profit contribution from our acquisitions, contributed to lower indebtedness and thus a stronger financial position. During the quarter, we also communicated that we entered a letter of intent with Power Mining, which means that we have taken the first step into Finland and created conditions for further expansion in the country. We continue to see large investments within infrastructure and expect this to continue for an extensive period going forward, both in Sweden and Norway, not least in Norrland, which is positive for Nordisk Bergteknik as we have established a strong position there", says Andreas Christoffersson, CEO of Nordisk Bergteknik AB.

The interim report is attached in its entirety to this press release and on the company’s website: https://nordiskbergteknik.se/en/reports-and-presentations/

A presentation and a recorded video where the company's CEO and CFO comment on the report can be found on the company's website: https://nordiskbergteknik.se/en/reports-and-presentations/

This is information that Nordisk Bergteknik AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted, through the care of the contact persons below, for publication on 16 February 2023 at 07:45 CET.

For further information, contact:
Andreas Christoffersson, CEO, +46 70-621 19 28, [email protected]
Johan Lundqvist, CFO, +46 76-392 71 21, [email protected]

About Nordisk Bergteknik
Nordisk Bergteknik has a clear growth strategy with the objective to contribute to the development of a future sustainable society. Our companies are specialists within rock handling and foundation solutions, and through compassion and skill they are able to combine demand with the surrounding natural conditions. To be involved at an early stage in building modern societal functions is our everyday life, our home ground and our future.