Sweden's NCC Q2 operating profit misses estimates, hurt by higher costs

Ncc AB

14/07/2026 06:21

Overview
Sweden construction firm's Q2 sales and EBIT missed analyst expectations
Orders received in Q2 rose year-over-year
Higher earnings offset by increased costs from ongoing disputes

Outlook
Company did not provide specific guidance for future quarters or the full year

Result Drivers
ORDER INTAKE - Co cited increased orders received in contracting as a driver for the quarter
CONTRACTING MARGINS - Co said higher margins in contracting contributed to results
COSTS FROM DISPUTES - Co said higher earnings were offset by increased costs related to ongoing disputes

Company press release: ID:nWkr1G25bb

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
SEK 14.22 bln
SEK 14.85 bln (3 Analysts)
Q2 Profit after tax
 
SEK 452 mln
 
Q2 EBIT
Miss
SEK 635 mln
SEK 738.67 mln (3 Analysts)
Q2 Orders
 
SEK 14.13 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Ncc AB is SEK210.00, about 15.2% above its July 13 closing price of SEK182.30
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)