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NYAB — NYAB AB News Story

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Construction firm NYAB Q3 operating profit rises on order intake

Construction firm NYAB Q3 operating profit rises on order intake


Overview

  • Sweden engineering and construction firm's Q3 revenue rose 27% yr/yr, operating profit up 33%

  • Company's Civil Engineering order backlog more than doubled yr/yr to EUR 873.8 mln

  • Q3 earnings per share rose 49% yr/yr


Outlook

  • Company says it is focused on project execution and selective growth in niche segments

  • NYAB enters final quarter with a solid financial position


Result Drivers

  • ORDER INTAKE - Record order intake more than doubled Civil Engineering order backlog yr/yr

  • REGIONAL GROWTH - Revenue in Civil Engineering rose in Sweden and Finland, with notable increase in Finland

  • PROJECT EXECUTION - CEO cited focus on effective project execution and selective growth in niche segments


Company press release: ID:nWkr18hLLl


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

EUR 190.20 mln

EUR 172 mln (2 Analysts)

Q3 EBIT

EUR 15 mln

Q3 Free Cash Flow

-EUR 6.20 mln


Analyst Coverage

  • The one available analyst rating on the shares is "strong buy"

  • The average consensus recommendation for the construction & engineering peer group is "buy."

  • Wall Street's median 12-month price target for Nyab AB is SEK8.35, about 6.1% above its November 3 closing price of SEK7.87

  • The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago


Reuters Recommended Reads

  • Nov 3 - Sweden's Rejlers Q3 sales miss as war in Iran, delayed Norway projects weigh

  • Nov 3 - Norway's Multiconsult Q3 EBITA drops on restructuring costs

  • Nov 3 - Norway's Norconsult Q3 profit falls


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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