NRC Group — Earnings Release 2016

Nov 8, 2016

All-time high results for the third quarter 2016

All-time high results for the third quarter 2016

Today, 8 November 2016, NRC Group has released its

financial results for the third quarter of 2016.

Below you will find a summary and highlights from the

report.

The results will be presented at 11:00 (CET) at Arctic

Securities offices, Haakon VIIs gate 5, Oslo. The

presentation will be held by CEO Øivind Horpestad and

CFO Dag Fladby.

Highlights

- All-time high revenue and profit for the quarter

- High activity, particularly in Sweden

- Strong order backlog of NOK 1,444 million in Q3 2016

Key figures Q3 2016

- Revenues of NOK 645.1 million in Q3 2016 vs NOK

417.8 million in Q3 2015

- EBITDA of NOK 88.9 million in Q3 2016 vs NOK 51.7

million in Q3 2015

- EBITDA margin of 13.8% in Q3 2016 vs. 12.4% in Q3

2015

Key events post Q3 2016

- SEK 180 million extension makes Ludvika-Frövi

project the largest contract awarded to date, bringing

the total contract value to SEK 295 million

- Sale of Blom UK

- Acquisition of Gravco to strengthen position in tram

and metro market

- Dividend policy decided by the Board of Directors

Comments on third quarter 2016:

NRC Group delivered a solid third quarter with

significant revenue growth and improved EBITDA margin.

This performance came as a result of the company's

particularly strong operation in Sweden as well as a

good project execution and cost control during the

most active period of the year. Total revenue

increased 54 per cent compared with the third quarter

of 2015, while EBITDA increased 72 per cent to NOK

88.9 million. This equalled an EBITDA margin of 13.8

per cent, up from 12.4 per cent in the same period

last year.

The market conditions remained strong with high

tendering activity and the company announced several

significant contracts during the quarter. The majority

of the order intake was related to announced major

contracts and the backlog was NOK 1,444 million at the

end of the quarter.

NRC Group remains focused on strengthening the

position in the Nordic transport infrastructure

market. The acquisition of Gravco AS will position the

group for projects related to the tram and metro

systems in Oslo.

The significant investments planned for Nordic railway

supports a positive long-term outlook. Norway

maintains positive and Sweden enjoys one of the

fastest rates of economic growth in Europe. With the

latest acquisition, NRC Group confirms the ability to

consolidate the market. The company will continue to

focus on its strategy of organic and acquisitive

growth the coming years.

The financial report will be made available under the

company's ticker "NRC" on www.newsweb.no and on the

company's homepage: www.nrcgroup.no.

For further information, please contact Dag Fladby,

Chief Financial Officer, NRC Group ASA on

tel: +47 90 89 19 35.

About NRC Group:

NRC Group is a leading company within the Nordic

infrastructure market. The group operates within two

business segments, Rail and Geo.

RAIL: The Rail division is a fully integrated rail

infrastructure contractor covering the Norwegian and

Swedish markets. The Rail division is a full-range

supplier for the construction of all types of rails

including train, tram and subway. Main service

offerings include ground work, specialized track work,

power supply and signalling work. The Rail division

has all the necessary approvals to work within the

train, tram and subway segments.

GEO: The Geo division operates within acquisition,

processing and modelling of geographic information.

This information is subject of the disclosure

requirements pursuant to section 5-12 of the Norwegian

Securities Trading Act.