Sweden's NCC takes a profit hit on impairment charges
Overview
Nordic construction firm's preliminary Q4 sales reach SEK 15,929 mln, EBIT at SEK 692 mln
Company incurs SEK 1.4 bln impairment charges, impacting operating profit
Impairment charges do not affect cash flow or dividend capacity
Outlook
NCC expects strong order intake and high early-phase collaboration agreements in Q4 2025
Company sees positive outlook despite weak commercial property market
NCC plans to present full Q4 and full-year 2025 results on February 5, 2026
Result Drivers
PROPERTY IMPAIRMENTS - SEK 1.4 bln impairment charges due to revised property value assessments in Property Development
STRONG ORDERS - Orders received were strong, with a high level of early-phase collaboration agreements
INDUSTRY PERFORMANCE - Industry business area achieved record earnings, with stable or improved results in contracting areas
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales |
| SEK 15.93 bln |
|
Q4 EBIT |
| SEK 692 mln |
|
Analyst Coverage
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago
Press Release: ID:nWkr7nspfC
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
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