Highlights fourth quarter 2017:
- 16 per cent growth in underlying revenue to NOK 1 787 million
- Underlying EBITDA in line with the fourth quarter last year
- Net cash flow from operating activities was NOK 450 million in the quarter, an increase of 56 per cent compared with the fourth quarter last year
- The board proposes a dividend of NOK 0.90 per share for 2017, which corresponds to a pay-out-ratio of 56 per cent of underlying net income
Saferoad Holding ASA recorded growth of 16 per cent in underlying revenue up to NOK 1 787 million (1 537) in the fourth quarter 2017. Revenue increased in both business areas, driven by strong sales and project execution in the Road Infrastructure business in Poland and continued good traction in the work zone protection business in Norway.
Underlying EBITDA of NOK 152 million was in line with the fourth quarter last year. The underlying EBITDA margin in the quarter was 8.5 per cent, compared to 9.9 per cent in the fourth quarter last year.
“We deliver a fourth quarter with strong sales growth in both business areas and a good cash flow. With a sound financial position and a promising market outlook, we have a solid platform to continue to develop the business further in 2018", says CEO Morten Holum.
Saferoad posted a net income of NOK 137 million in the quarter, up from NOK - 312 million in fourth quarter last year. This corresponds to earnings per share of NOK 2.03 (-4.66) in the quarter.
Presentation of the results
Morten Holum (CEO) and Svein Vestermo (CFO) will present the results today at CET 08:30 am at Felix Conference Center, Bryggetorget 3, 0250 Oslo. The presentation will be held in English and transferred via webcast. The webcast will be open for questions from participants.
For more information, please contact:
Morten Holum, CEO
+ 47 99 50 99 30
Svein Vestermo, CFO
+ 47 92 68 58 34