Nordic Group

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9 years 4 weeks ago - 9 years 4 weeks ago #22178 by axe
Replied by axe on topic Nordic Group
Nordic turned in a decent set of Q1 results. Revenue increased 15% to $16.6m and net profit increased 61% to $1.5m y-o-y. 3 of the 4 segments registered positive growth while scaffolding dipped slightly thus affecting overall margins slightly. It seems like financial effects from the big Chevron and Exxon Mobil contracts will only be felt in 2016. Order book currently stands at $40.8m, an all time high in recent times.

Cashflow remains strong with $2.7m operating cashflow generated and only $0.2m spent on capex. Some cash is used to repay short term debt.

The AE acquisition will occur in June, therefore 6 mths of profits will be recognised in 2015. The acquisition is funded with $20m debt and $6m cash. Also, the company states that the Precision Engineering segment is on the look out for partnerships. Might be a sign of more M&A.
Last edit: 9 years 4 weeks ago by axe.

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9 years 3 weeks ago #22182 by Bestworld
Replied by Bestworld on topic Nordic Group
Very solid growth!!

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9 years 2 weeks ago - 9 years 2 weeks ago #22217 by min1xyz
Replied by min1xyz on topic Nordic Group
@ EGM today. Interesting insights into the potential of Austin Energy, the target of acquisition.

Presentation by Chairman Chang Yeh Hong followed by Q&A session -- total about 1 hour !



Look out for our report this weekend.
Last edit: 9 years 2 weeks ago by min1xyz.

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9 years 2 weeks ago #22218 by Bestworld
Replied by Bestworld on topic Nordic Group
Addiction earning will give lift Nordic to the next level!

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9 years 5 days ago #22245 by min1xyz
Replied by min1xyz on topic Nordic Group


.....to visit Austin Energy, the latest acquisition by Nordic Group.

See details at: www.nextinsight.net/index.php/story-arch...ergy-you-are-invited

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8 years 11 months ago #22266 by min1xyz
Replied by min1xyz on topic Nordic Group
Pix from visit to Austin Energy this afternoon:


Good turnout of investors....


Cold beer to end the day....

Look out for more pix & our report in a few days' time.

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