Estonia's Nordecon Q2 revenue rises on buildings and infrastructure segments
Estonia's Nordecon Q2 revenue rises on buildings and infrastructure segments
Overview
Estonia construction contractor's Q2 revenue rose 41% yr/yr, driven by Buildings and Infrastructure segments
Gross margin declined to 4.0% in Q2 from 6.8% a year earlier due to rising input costs
Order book grew 7% yr/yr, with management forecasting higher operating volumes in 2026
Outlook
Nordecon expects business volumes to increase in 2026 based on its order book
Company says construction market is supported by national defense, infrastructure, and energy investments
Management prioritises risk mitigation, cost control, and productivity amid rising input costs
Result Drivers
SEGMENT GROWTH - Revenue growth was driven by a 21% increase in the Buildings segment and a 165% rise in the Infrastructure segment
RISING INPUT COSTS - Declining profitability was attributed to rising input prices and lower average profit margins in ongoing projects
STAFF COSTS - Staff costs grew by roughly 20% yr/yr due to a general pay rise and increased headcount
Company press release: ID:nGNE7VPPXn
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| EUR 74.91 mln |
|
Q2 EPS |
| EUR 0.01 |
|
Q2 Net Income |
| EUR 438,000 |
|
Q2 Basic EPS |
| EUR 0.01 |
|
Q2 Gross Profit |
| EUR 2.98 mln |
|
Q2 Operating Income |
| EUR 1.35 mln |
|
Reuters Recommended Reads
Aug 5 - Construction firm Tutor Perini's Q2 revenue beats estimates, guidance raised
Aug 4 - Primoris Q2 loss bigger than expected on project delays, cost overruns
Aug 5 - Singapore's Koh Brothers Eco Engineering posts half-year net loss as costs surge
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.)
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Estonia's Nordecon Q2 revenue rises on buildings and infrastructure segments