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Nordisk Bergteknik (NORB) investor relations material
Nordisk Bergteknik Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 net sales were SEK 837.9m, flat YoY; adjusted EBIT rose to SEK 32.9m and adjusted EBIT margin to 3.9%.
Nine-month sales rose 4% to SEK 2,633.2m and adjusted EBIT reached SEK 105.2m; Q3 and nine-month profit fell amid higher net financial costs.
Financial highlights
Q3 adjusted EBITDA was SEK 107.0m versus SEK 106.7m; adjusted EBIT was SEK 32.9m versus SEK 30.2m.
Q3 reported EBIT rose to SEK 30.9m from SEK 24.1m, while profit fell to SEK 3.5m from SEK 10.4m; diluted and basic EPS was SEK 0.06 versus SEK 0.18.
Nine-month adjusted EBITDA increased to SEK 335.3m from SEK 327.6m; adjusted EBIT was SEK 105.2m.
Q3 operating cash flow was SEK 37.0m versus negative SEK 7.5m; nine-month cash flow rose to SEK 160.7m from SEK 62.5m.
Outlook and guidance
Targets include annual growth above 15% over a business cycle, medium-term adjusted EBIT margin above 7%, and net debt/adjusted EBITDA no higher than 2.5x.
Dividend policy targets distribution of 40% of consolidated net income over time, subject to M&A and growth opportunities, financial position and cash conversion.
Rock Norway and Foundation Sweden prioritize profitability and selective bidding; conditions for a profitable Q4 in Foundation Sweden were considered good.
Long-term growth plans include synergies, value-chain integration, geographic expansion and disciplined acquisitions; current market conditions have slowed organic growth and M&A.
- FY sales grew, but weak housing activity cut adjusted EBIT as leverage rose to 3.2x.NORB
Q4 2023 - Q2 2026 saw strong sales and margin gains, but profit was impacted by higher costs.NORB
Q2 2026 - Profitability improved in Q1 2026, with margin gains and positive net income despite lower sales.NORB
Q1 2026 - 2025 saw higher sales, stronger margins, and key contract wins in a recovering Nordic market.NORB
Q4 2025 - Strong organic growth and margin improvement in Q3, especially in Norway, support a positive outlook.NORB
Q3 2025 - Net sales fell 9% and margins held steady, with improved cash flow and ongoing restructuring.NORB
Q3 2024 - Sales and profit fell, but restructuring and Rock Sweden's strength support cautious optimism.NORB
Q2 2024 - 10% sales growth and record orders, but margin pressure and high leverage persist.NORB
Q1 2025 - 2024 saw lower sales and profit, but strong cash flow and signs of recovery for 2025.NORB
Q4 2024
Next Nordisk Bergteknik earnings date
Next Nordisk Bergteknik earnings date
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