NRC Group: ETM update - no agreement reached in mediation, will initiate legal proceedings
NRC Group ASA ("NRC" or the "Company") refers to its previous announcements regarding the dispute with Bane NOR related to the Electrification of Trønder and Meråkerbanen (ETM).
The mediation, which resumed in February 2025, has ended without the parties being able to reach an agreement.
The Company will initiate legal proceedings, as an acceptable agreement could not be reached. The Company maintains that the claims are well-founded and will continue to safeguard shareholders' interests.
NRC expects full year EBIT for 2024 to remain in the lower end of the previously communicated guidance. Further details will be disclosed in connection with the release of the financial results on Wednesday, 12 February, at 07:00 am (CET).
For 2025, the Company still aims for a revenue of approximately NOK 7.0 billion and an EBIT margin above 2%.
For further information, please contact:
Åsgeir Nord, CFO of NRC Group, (+47) 957 34 985.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation, and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
This stock exchange announcement was published by Siri McKellar Nilsen, Administration, NRC Group ASA.