NYAB - Infrastructure and Specialist Builder

Here are Christoffer’s quick comments following the Q1 results. :slight_smile:

NYAB’s Q1 results fell below our revenue and earnings forecasts, as a higher share of early-stage projects in Sweden and continued weakness in the Consultancy segment weighed on the performance. However, order intake grew by 23% year-on-year, pushing the book-to-bill ratio to a strong 1.8x and signaling accelerating growth for the coming quarters. Although the Q1 miss creates some slight pressure on our near-term forecasts, we believe the €700 million potential value of phase-one projects and the growing order backlog provide strong visibility, keeping our long-term investment thesis stable.

Christoffer has already interviewed NYAB’s CEO Johan Larsson. :slight_smile:

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