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NCC B Ncc AB News Story

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Brief: NCC Q4 EBIT SEK 692 Million

Jan 22 (Reuters) - Ncc AB NCCb.ST:

NCC Q4 SALES SEK 15,929 MILLION

NCC Q4 EBIT SEK 692 MILLION

NCC IS IMPLEMENTING IMPAIRMENT CHARGES RELATING TO PROPERTY VALUES. STRONG UNDERLYING OPERATING PROFIT IN THE FOURTH QUARTER

IMPLEMENTING IMPAIRMENT CHARGES OF APPROXIMATELY SEK 1.4 BILLION

IMPAIRMENT CHARGES TO IMPACT Q4 OPERATING PROFIT

SEK 900 MILLION IMPAIRMENT CHARGES IN PROPERTY DEVELOPMENT

IMPAIRMENT CHARGES HAVE NO IMPACT ON CASH FLOW AND DO NOT AFFECT NCC'S CAPACITY TO DISTRIBUTE DIVIDENDS.

AS PART OF YEAR-END CLOSING PROCESS, WE HAVE REASSESSED TOTAL PROPERTY VALUES IN BALANCE SHEET

IMPAIRMENT CHARGES ALSO CREATE BETTER CONDITIONS FOR SALES IN NEAR TERM

Source text: ID:nWkr7nspfC

Further company coverage: NCCb.ST

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com;))

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