NYAB Plc’s business review 1 July – 30 September 2023: Improved profitability

10.11.23

NYAB Plc
COMPANY ANNOUNCEMENT
10 November 2023 at 09:30

NYAB Plc’s business review 1 July – 30 September 2023: Improved profitability

July-September in brief

  • Revenue amounted to EUR 88.1 (90.3) million, representing a change of -2.5%. In constant currencies, revenue growth was 3.6%.
  • EBITDA was EUR 8.0 (6.6) million, amounting to 9.1% (7.3%) of revenue
  • Operating profit (EBIT) improved 26.0% and was EUR 6.6 (5.2) million, amounting to 7.5% (5.8%) of revenue
  • Free cash flow was EUR -3.8 (2.4) million
  • Net debt/EBITDA was 0.30
  • Order backlog amounted to EUR 183.3 (267.7) million
  • A significant agreement regarding the construction of Aurora Line with an estimated value of EUR 89 million was signed after the end of the quarter

January-September in brief

  • Revenue amounted to EUR 192.6 (163.6) million, representing a change of 17.7%. In constant currencies, revenue growth was 24.7%.
  • EBITDA was EUR 12.8 (9.6) million, amounting to 6.6% (5.9%) of revenue
  • Operating profit (EBIT) improved 31.3% and was EUR 8.6 (6.5) million, amounting to 4.5% (4.0%) of revenue
  • Free cash flow was EUR 5.5 (-5.8) million

Key figures of the Group (IFRS)

0709/2023(3 months) 0709/2022(3 months) 0109/2023(9 months) 0109/2022(9 months) 01–12/2022
(12 months)
Revenue, 1000 EUR 88,098 90,349 192,569 163,553 253,318
EBITDA, 1000 EUR 8,000 6,551 12,796 9,613 30,389
% of net sales 9.1% 7.3% 6.6% 5.9% 12.0%
EBITA, 1000 EUR 7,103 5,695 10,128 7,487 27,217
% of net sales 8.1% 6.3% 5.3% 4.6% 10.7%
Operating Profit (EBIT), 1000 EUR 6,576 5,211 8,573 6,531 25,744
% of net sales 7.5% 5.8% 4.5% 4.0% 10.2%
Profit for the period, 1000 EUR 4,567 4,339 5,484 4,002 23,320
Return on equity,
previous 12 months, %
14.5% NA 14.5% NA 22.5%
Return on capital employed,
previous 12 months, %
13.8% NA 13.8% NA 22.7%
Equity ratio, % 70.9% 63.4% 70.9% 63.4% 69.6%
Net gearing, % 5.5% 9.9% 5.5% 9.9% 3.9%
Net debt/EBITDA, previous 12 months 0.30 NA 0.30 NA 0.23
Free cash flow, 1000 EUR -3,787 2,444 5,518 -5,832 3,699
Order backlog, 1000 EUR 183,298 267,656 183,298 267,656 239,682

CEO Johan Larsson’s review

NYAB has continued to perform well. In the third quarter, our revenue amounted to EUR 88 million with an improved EBIT margin of 7.5% after a strong performance in project execution. 

From an overall perspective, we are in a period of macroeconomic headwinds resulting in a challenging market situation. Inflation and increasing interest rates have caused delays in customers’ investment decisions mainly in Swedish infrastructure and Finnish energy markets.

Our addressable market continues to offer a high level of business opportunities and tenders. The newly signed contract with Svenska kraftnät also demonstrates NYAB’s capabilities and the underlying growth potential in our markets.

Furthermore, we have been able to mitigate increasing costs with solid project execution and by that preserve healthy margins in our projects. We have also remained selective when taking on new projects to ensure profitability and not to increase our risk level.

In September, it was communicated that the Board of Directors decided to proceed with preparations for re-domiciliation to Sweden and that NYAB aims for a listing on Nasdaq First North Premier Growth Market in Sweden. The cross-border conversion and the listing transfer are expected to be completed during the first half of the year 2024. We aim to provide more information on the process for our shareholders during the fourth quarter, as legal decisions on the re-domiciliation are expected to be made.

To summarize, I am convinced that NYAB will continue to display positive development also in a challenging market environment. In the short term, I expect that we will see continued fluctuation in our order intake and revenue recognition. However, we have a strong financial position, solid project execution, flexibility, and capabilities, and we are operating in a market with continued high underlying demand. This gives us opportunities to continue our journey with profitable growth.

Financial guidance for 2023 (specified)

In the financial guidance given on 10 August 2023, NYAB’s revenue for full year 2023 was estimated to be EUR 290-315 million and operating profit (EBIT) EUR 16-24 million. NYAB now specifies the guidance so that revenue for 2023 is expected to be at the lower end of the previously communicated range.

Specified guidance for revenue is based on events that have taken place after the publishing of the half-year report. The challenging macroeconomic environment has continued to cause delays to both order intake and revenue recognition in ongoing projects. Delayed projects include, for example, the Aurora Line project with an estimated total value of EUR 89 million, where the estimated revenue to be recognized during 2023 is lower than in the previous project schedule. Guidance is based on the current outlook on the market and project conditions.

Key uncertainties impacting NYAB’s outlook include the development of inflation and interest rates, exchange rate between the euro and the Swedish krona, weather conditions, as well as functionality of supply chains.

Business operations and financial performance

NYAB’s revenue for the third quarter amounted to EUR 88.1 (90.3) million, a decrease of 2.5% from the comparison period. However, in constant currencies the revenue grew by 3.6%. Reported revenue was affected by the year-to-year depreciation of the Swedish krona of 8.9% at the end of the period.

In addition to the currency headwind, there have been delays in customers’ investment decisions and the start-up of already decided projects. This short-term uncertainty has been seen, for example, in Swedish infrastructure frame agreements, where there have been lower realized volumes than estimated, and in the Finnish renewable energy sector, where the initiation of new projects has been interrupted.

Sweden continues to be NYAB’s largest market and represented 68% (78%) of total revenue for the third quarter. A more detailed breakdown of the revenue per country is presented in the table below.

Revenue (MEUR) 7-9/2023 7-9/2022 1-9/2023 1-9/2022 1-12/2022
Finland 28.5 20.2 67.3 32.6 51.6
Sweden 59.6 70.2 125.2 131.0 201.7
Total 88.1 90.3 192.6 163.6 253.3

Operating profit (EBIT) for the third quarter improved 26.0% and amounted to EUR 6.6 (5.2) million, 7.5% (5.8%) of revenue. The improved profitability was mainly a result from operations in Finland and the Stockholm region. Continued solid project execution in all areas has mitigated the negative currency impact and increased costs. 

Net profit amounted to EUR 4.6 (4.3) million and has been affected by, among others, finance expenses relating to NYAB’s potential re-domiciliation and listing transfer, EUR -0.4 million, as well as the share of result in the associated company Skarta Energy, EUR -0.4 million.

NYAB’s financial position has remained strong. Equity ratio at the end of the quarter improved to 70.9% (63.4%) and net debt to EBITDA (last 12 months) was 0.30. Free cash flow was EUR -3.8 (2.4) million. The negative free cash flow for the quarter was mainly due to tie-up in working capital, as certain projects in Sweden have experienced longer than expected resolving of outstanding receivables settlement.

Order backlog amounted to EUR 183 (267) million at the end of the third quarter. New contracts have mainly been achieved in Northern Sweden and the Stockholm region. Among the signed contracts, there was a framework agreement with Stockholm Vatten & Avfall regarding excavation and piping work for water and sewage. NYAB is one of three contracted companies that together will receive a total volume of up to SEK 1.5 billion over the next five years. Furthermore, NYAB has commenced work for Talga to establish a battery anode refinery in Luleå. The underlying strength of NYAB’s core market is also demonstrated by the agreement to start the construction of Aurora Line that was signed in October.

As earlier communicated, NYAB proceeds with preparations to re-domicile its parent company to Sweden. In connection with the cross-border conversion, NYAB also aims for listing on Nasdaq First North Premier Growth Market in Sweden. The cross-border conversion and the listing transfer are expected to be completed during the first half of 2024. More information on the background, rationale and process can be found at NYAB’s Company Announcement that was published on 27 September 2023.

In connection with proceeding with the re-domiciliation, NYAB Plc’s Board of Directors appointed Jan Öhman, previously Vice Chairman, as new Chairman of the Board on 27 September. Öhman succeeds Markku Kankaala, who continues to serve as Vice Chairman of the Board.

Operating environment and risks

NYAB’s most significant risks and uncertainties relate to changes in the operating environment, as well as the fluctuation of currency rates. Increasing interest rates, as well as inflation that has remained at high levels, are causing challenges in both Swedish and Finnish markets. In NYAB’s business operations, challenges in the operating environment have particularly resulted in delays of customers’ investment decisions. Financial and operative risks of the Group have been presented in more detail in the half-yearly report that was published in August 2023, and they have not been subject to major changes.

Prognoscentret that analyzes Swedish markets estimates that industrial investments in Northern Sweden, as well as large investment needs in the public sector, support the entire construction industry. According to Byggföretagen, construction investments in the Norrbotten County are accelerating, the estimated growth being 6% for 2023 and 11% for 2024. Simultaneously, most of the other regions are expected to remain at a decline. NYAB has the largest share of its operations in the northern markets, where the detrimental effects of the operating environment are expected to remain limited and demand for the services in the long term to continue to be strong.

Order backlogs in Finnish construction companies are at a significantly lower than average level, and development of the industry during the year has been clearly negative. According to the Confederation of Finnish Construction Industries and RAKSU group that studies trends in construction, the construction of industrial premises and infrastructure may increase already in 2024, but land and water construction is expected to remain at a decline. Investments in the green transition may improve the outlook of the industry in comparison with the forecasts. There is a high interest to invest in Finland, and several new projects are planned especially in the energy sector. However, timing and execution of the investments is subject to uncertainty.

Share and shareholders

NYAB Plc’s total number of shares for the entire review period was 706,658,238 (for the comparison period, the average number of shares was 704,650,063 and number of shares at the end of the period was 706,658,238).

At the end of the period, the company had a total of 3,941 shareholders that had been registered in the shareholder register maintained by Euroclear Finland. A total of 64.8 percent of all shares in the company were owned by nominee-registered shareholders.

The largest shareholders of the company on 30 September 2023 were Holding Investment Förvaltning i Luleå AB (a company under joint control of Board member and CEO Johan Larsson and Board and Executive Management Team member Mikael Ritola, ownership 34.2%), Säthergrens Entreprenad AB (ownership 10.6%), and Kallastor Oy (ownership 8.9%). Members of the Board and management, as well as companies under their control, owned a total of 41.3% of all shares in the company.

Significant events after the review period

NYAB and Svenska kraftnät signed an agreement regarding the construction of Aurora Line at the end of October. The agreement is a collaborative agreement. Based on the target price agreed between the parties and other budgeted expenses, the total value of the project is estimated to be approximately EUR 89 million. Work under the agreement will be started without delay and completed at the end of 2025.

Aurora Line is a new 380 km long 400 kV transmission line between Sweden and Finland that is built together by main grid companies Svenska kraftnät and Fingrid. It will improve the security of supply, equalize electricity prices between Finland and rest of the Nordic countries by increasing transmission capacity, and enable an increase in renewable energy production in the Baltic Sea region. NYAB’s work in the project regards the approximately 90 km distance between Dockasberg and Risudden in Sweden.

Consolidated statement of comprehensive income

EUR thousand 07–09
/2023
07–09
/2022
01–09
/2023
01–09
/2022
01–12
/2022
Revenue 88 098 90 349 192 569 163 553 253 318
Other operating income 287 409 3 096 1 064 16 019
Materials and services -69 381 -73 902 -150 886 -133 410 -203 612
Employee benefit expenses -7 865 -7 632 -23 632 -17 619 -26 764
Other operating expenses -3 139 -2 673 -8 352 -3 974 -8 571
EBITDA 8 000 6 551 12 796 9 613 30 389
Depreciation, amortisation and impairment -1 424 -1 340 -4 223 -3 083 -4 645
OPERATING PROFIT 6 576 5 211 8 573 6 531 25 744
Finance income 15 35 531 72 565
Finance expenses -939 -277 -2 148 -675 -1 004
Finance income and expenses total -923 -242 -1 617 -603 -440
Share of result of associates and joint ventures -442 3 -1 040 41 -27
RESULT BEFORE TAXES 5 210 4 972 5 916 5 968 25 278
Income taxes -644 -634 -432 -1 967 -1 958
RESULT FOR THE PERIOD 4 567 4 339 5 484 4 002 23 320
Other comprehensive income
Items that will not be reclassified to profit or loss
Valuation (losses)/gains on fair value through othercomprehensive income equity investments 0 -28 0 -133 -499
Tax relating to items that will not be reclassified 0 6 0 27 100
Items that may be reclassified subsequently to profit or loss
Change in cumulative translation adjustment 211 -318 -822 -1 135 -1 857
TOTAL COMPREHENSIVE INCOME 4 778 3 999 4 662 2 760 21 064

Consolidated balance sheet

EUR thousand 30.09.2023 30.09.2022 31.12.2022
ASSETS
Non-current assets
Goodwill 121 074 121 242 121 182
Intangible assets 2 555 10 344 3 840
Tangible assets 13 065 13 321 14 360
Right-of-use assets 3 203 3 297 3 377
Participations in associates and joint ventures 12 597 1 100 11 110
Other non-current receivables and investments 7 089 3 222 5 624
Deferred tax assets 22 511 480
Total non-current assets 159 605 153 038 159 973
Current assets
Inventories 4 352 2 871 2 303
Trade receivables 47 331 49 412 50 618
Contract assets 28 126 41 113 22 841
Other receivables 7 072 969 9 536
Cash and cash equivalents 15 743 7 985 13 827
Total current assets 102 625 102 350 99 125
TOTAL ASSETS 262 229 255 389 259 098
EQUITY AND LIABILITIES 30.09.2023 30.09.2022 31.12.2022
Equity attributable to owners of the parent company
Share capital 80 80 80
Reserve for invested non-restricted equity 137 428 142 374 142 375
Translation adjustment -3 201 -1 660 -2 382
Retained earnings 46 724 21 057 40 345
Total equity  181 032 161 851 180 418
Non-current liabilities
Non-current interest-bearing liabilities 18 352 16 462 10 367
Lease liabilities 2 624 2 355 2 277
Accrued expenses 86 125 113
Provisions 78 143 83
Deferred tax liabilities 3 479 4 489 4 379
Total non-current liabilities 24 619 23 573 17 219
Current liabilities
Current interest-bearing liabilities 4 287 4 228 7 178
Lease liabilities 517 929 1 014
Contract liabilities 6 746 4 232 11 647
Trade and other payables 45 028 60 576 41 621
Total current liabilities 56 579 69 965 61 460
TOTAL LIABILITIES 81 198 93 538 78 680
TOTAL EQUITY AND LIABILITIES 262 229 255 389 259 098

Consolidated cash flow statement

EUR thousand 07-09
/2023
07-09
/2022
01–09
/2023
01–09
/2022
01–12
/2022
Cash flows from operating activities
Result for the period 4 567 4 339 5 484 4 002 23 320
Adjustments for profit:
Depreciation and amortisation 1 424 1 340 4 223 3 083 4 645
Finance income and expenses 923 243 1 617 603 440
Gain on disposal of intangible assets -71 0 -71 0 -16 020
Income taxes 644 -634 432 1 967 1 958
Share of profit/loss of an associate 442 -4 1 040 -41 27
Other adjustments -134 317 541 325 657
Total adjustments 3 228 2 530 7 782 5 937 -8 294
Changes in working capital:
Increase (-) / Decrease (+) in trade and other receivables -4 712 -19 684 -3 300 -32 223 -19 743
Increase (+) / Decrease (-) in inventories -801 -811 -2 079 -1 002 -421
Increase (+) / Decrease (-) in trade and other payables -1 425 19 451 4 249 21 933 10 558
Total changes in working capital -6 938 -1 043 -1 129 -11 291 -9 605
Interest received and other financial income -102 34 413 72 565
Interests paid and other financial expenses -1 113 -277 -1983 -675 -1 004
Income taxes paid -3 607 -51 -3 607 -151 -193
Net cash flows from operating activities -3 966 5 532 6 959 -2 106 4 789
Cash flows used in investing activities
Acquisition of subsidiaries, net of cash acquired 0 -313 0 1 403 1 403
Disposal of subsidiaries, net of cash disposed 0 0 0 0 4 559
Purchase of tangible and intangible assets -72 -2 775 -1 692 -5 129 -7 051
Proceeds from sale of tangible and intangible assets 251 0 251 0 0
Net cash flows from investing activities 179 -3 087 -1 441 -3 726 -1 089
Cash flows from financing activities
Proceeds from issue of new long-term debt 1 699 2 963 21 368 15 851 13 142
Repayment of long-term debt 2 541 -1 345 -12 883 -5 109 -5 606
Change in short-term borrowings -2 519 0 -2 519 0 0
Repayment of lease liabilities -290 -121 -367 -255 -387
Acquisition of non-controlling interests 0 0 0 -97 -97
Dividend paid 97 -555 -8 982 -5 654 -5 654
Net cash flows from/(used in) financing activities 1 528 942 -3 383 4 736 1 398
Net increase in cash and cash equivalents -2 259 3 387 2 135 -1 096 5 097
Cash and cash equivalents, beginning of period 17 839 4 621 13 827 9 369 9 369
Impact of the changes in foreign exchange rates 163 -23 -219 -288 -640
Cash and cash equivalents, end of period 15 743 7 985 15 743 7 985 13 827

Disclosure regulation

This business review is not a quarterly financial report within the meaning of the Rulebook of Nasdaq First North Growth Market Finland, and it has not been prepared in accordance with IAS 34 Interim Financial Reporting standard. NYAB Plc applies half-yearly reporting and publishes business reviews for the first and third quarter, where essential information regarding the financial performance of the company is presented. Financial information presented in the business review is unaudited.

Contacts

About NYAB Oyj

NYAB is a builder of a clean future with decades of experience in complex and demanding projects. We are enabling green transition in the Nordics by providing engineering, construction, and maintenance services to public and private sector clients regarding renewable energy and sustainable infrastructure. NYAB is headquartered in Oulu and it has more than 400 employees at different locations in Finland and Sweden.

NYAB Plc's Certified Adviser is Augment Partners AB, info@augment.se, phone +46 8 604 22 55.

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Antti Keskinen, Liiketoimintayksikön johtaja, Sähköverkkorakentaminen | NYAB

Green transition speeds up NYAB’s electricity transmission network operations

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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Erik Petersen to strengthen NYAB Plc’s Executive Management Team

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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Anton Sandgren – Site Manager at NYAB

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NYAB signs two new contracts with Svenska kraftnät

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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Skarta Energy and Business Tornio plan an industrial-scale solar farm in Tornio

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NYAB Plc’s business review 1 January – 31 March 2023: Accelerating balanced growth

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Ensuring safety through cooperation

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NYAB wins SEK 66 million contract at Arlanda for Swedavia

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NYAB wins two contracts in Kiruna municipality – infrastructure projects for Infranord

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NYAB Plc: Organizing of the Board of Directors

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NYAB Plc: Resolutions of the Annual General Meeting

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NYAB as the company of the month

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NYAB Plc: Technical amendments to the merger plan between NYAB Plc and Andament II Sulautuva Oy

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NYAB signed a settlement agreement with the city of Mikkeli (inside information)

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Plc: Notice to the Annual General Meeting

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NYAB Plc: Proposals of the Shareholders’ Nomination Board to the Annual General Meeting

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Matilda Stjärnström – QHES Manager, NYAB Sverige

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NYAB Plc: Annual report 2022 has been published

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NYAB Plc: Annual report from financial year 2022 has been published

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB signed 10 MEUR agreement with Swedish Transport Administration

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Plc’s financial statement release 2022 and management webcast

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NYAB Plc’s financial statement release 1 January – 31 December 2022: Strong organic growth continued in Sweden – Finnish operations turned profitable during the end of the year

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NYAB Plc and Andament Group Oy have signed a merger plan, whereby the company demerging from Andament Group Oy merges into NYAB Plc

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Over EUR 13 million in investment aid for Skarta Energy’s solar farm to be built in Utajärvi

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB and Energiequelle sign BoP contract for Mikonkeidas wind farm

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Plc: Judgement of the District Court regarding Mikkeli wastewater treatment plant projects (inside information)

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB Plc: Change in the Executive Management Team

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NYAB Plc: Establishment of a joint venture with CapMan fund has been successfully completed

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NYAB approved as a builder of transmission lines in Fingrid’s supplier register

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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NYAB signs a contract to prepare for the construction of Aurora Line

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Skarta Energy and Solarigo’s 61 million euro solar farms project enabled by investment aid

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NYAB Oyj – Managers’ Transactions

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NYAB Oyj – Managers’ Transactions

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SkartaNYAB renamed to NYAB

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SkartaNYAB Oyj – Managers’ Transactions

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Vastuullisuus noston kuva

SkartaNYAB establishes a joint venture with CapMan fund to construct renewable energy producing facilities exceeding 500 MW

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SkartaNYAB Plc raises its financial guidance for 2022 (inside information)

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SkartaNYAB Plc establishes a joint venture with CapMan fund to construct renewable energy producing facilities exceeding 500 MW (inside information)

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SkartaNYAB Plc: Resolutions of the Extraordinary General Meeting

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SkartaNYAB Plc’s business review 1 July – 30 September 2022: Strong growth despite a challenging operating environment

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SkartaNYAB Plc has started the process of establishing a joint venture for the development of renewable energy projects (inside information)

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SkartaNYAB Plc: Notice to an Extraordinary General Meeting

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SkartaNYAB Plc changes its name to NYAB Plc and sets strategic objectives for 2022-2024

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Composition of SkartaNYAB Plc’s Shareholders’ Nomination Board

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Fingrid concludes first solar power plant connection agreement with Skarta Energy – Utajärvi project moves forward

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Change negotiations to be launched at Skarta Finland Oy – the aim is to find ways to make operations more efficient, streamlined and achieve cost savings

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SkartaNYAB Oyj – Managers’ Transactions

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Skarta was accepted into Fingrid’s supplier register

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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NYAB was accepted into Fingrid’s supplier register

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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Skarta and Tohmajärvi municipality to begin cooperation – Eastern Finland’s largest energy project under planning

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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Utajärvi

Skarta’s Near Energy project in Utajärvi is progressing – action permit for a solar power plant and Horizon research funding from the EU

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Plc: Share issue directed to Power Forze AB’s shareholders has been executed and trading in new shares begins

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB strengthens its position on the energy construction market in Norrbotten by acquiring Power Forze AB

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Changes in SkartaNYAB Plc’s Executive Management Team

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SkartaNYAB Plc’s half-yearly report 1 January-30 June 2022: Profitable growth in Sweden – challenges in Finland

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SkartaNYAB Plc acquires Power Forze AB and arranges a directed share issue

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SkartaNYAB Plc lowers financial guidance for 2022 and publishes preliminary information on key figures of the first half of the year

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Sitema has been awarded ISO 9001, 14001 and 45001 certificates

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Plc: The final outcome of the personnel share issue 2022

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SkartaNYAB and Uusiutuva Energia Karahka Oy have signed a BoP agreement for a Karahka wind park in Oulainen

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SkartaNYAB and Uusiutuva Energia Karahka Oy have signed a BoP agreement for a Karahka wind park in Oulainen

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Skarta will build a wind farm in Pajuperänkangas with a new customer, ABO Wind

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Skarta signed a contract with SSAB regarding construction project of new office building, as well as research and laboratory facility, to Raahe plant

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Skarta and the Centre for Economic Development, Transport and the Environment for Lapland signed an extensive contract on the Jokikylä bridge in Oulu

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SkartaNYAB has signed a comprehensive framework agreement with the Swedish Transport Administration

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SkartaNYAB has signed a significant frame agreement with Swedish Transport Administration

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SkartaNYAB Plc establishes new share-based incentive plans

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Skarta signs two contracts with LKAB for the execution of infrastructure projects

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Skarta will be making everyday life effortless and clean also in Pirkanmaa – Skarta was awarded the contract for the building of pumping stations for Tampere Region Central Wastewater Treatment Plant

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SkartaNYAB Plc – Managers’ Transactions

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NYAB wins customer trust

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Plc publishes new long-term financial targets

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SkartaNYAB Plc’s business review 1 January-31 March 2022 (unaudited): Stable performance in seasonally weakest quarter, high orderbook enables good outlook for the rest of the year

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SkartaNYAB Plc: Resolutions of the Annual General Meeting

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SkartaNYAB has signed a financing agreement of SEK 135 million

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Plc – Managers’ Transactions

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NYAB signs extensive agreement with Piteå municipality

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SkartaNYAB Plc: Notice to the Annual General Meeting

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Plc: Annual report from financial year 2021 has been published

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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Magnus Granljung takes over as CEO of NYAB

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Plc: Trading in new shares began at First North marketplace

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Oyj – Managers’ Transactions

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SkartaNYAB Plc – Managers’ Transactions

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SkartaNYAB Plc – Managers’ Transactions

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Johan Larsson appointed as CEO of SkartaNYAB Plc – also other changes in the management team

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SkartaNYAB Plc: Decisions of the Board of Directors’ organizing meeting

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SkartaNYAB Plc publishes pro forma information regarding the acquisition of NYAB Group

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SkartaNYAB Plc: Board of Directors decided on the closing of the NYAB transaction – changes in the name and members of the Board of Directors

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The strongest actors in solar energy to cooperate – Skarta and Solarigo aim to build 1,000 megawatts of solar power

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Skarta founded a new business unit – electrical grid business to complement the value chain

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NYAB moves cultural buildings on behalf of LKAB

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NYAB signs framework agreement with Huddinge municipality

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NYAB is awarded three projects in the Ore Fields

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Skarta Group Plc clarifies the structuring of the NYAB arrangement and timetable, and summons an Extraordinary General Meeting

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NYAB is awarded an energy project in Umeå

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NYAB is awarded the “Operating area Överkalix & Övertorneå” by the Swedish Transport Administration

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Tuulivoimalan perustukset raudoitustyön alkuvaiheessa Juurakon tuulipuistossa Kalajoella. Laadunvarmistus on olennainen osa työvaihetta, ja siihen mennessä työmaalla on dokumentoitu jo monta suunnitelmaa ja pöytäkirjaa.

Quality is the basis of everything for Skarta

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Skarta Group Plc joins forces with Swedish NYAB Group to step up the pace of building a clean future

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Skarta joins forces with Swedish NYAB Group to step up the pace of building a clean future

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Skarta, builder of a clean future, developed a model for the calculation of CO2 emissions that relate to the infrastructure of wind farms

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NYAB contracted for projects in Stockholm and Umeå

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Near Energy at the center of the development of Skarta’s energy business

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NYAB is awarded an infrastructure contract worth 130 million for Huddinge municipality

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Skarta aims at being at the forefront of hydrogen economy – acquires the first new-generation hydrogen car in Finland for its use

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NYAB wins assignments in the Stockholm area

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First of its kind in Finland – Skarta had a major role in the closure of the Hitura mine

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The bridge over Siikajoki, built by Skarta, was opened to traffic

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Skarta completed the construction work for the Jämsä central sewage treatment plant three months early

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Skarta starts building a wind farm for Puhuri – a third common project for markets in clean energy

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New project for Skarta in Metsä Group’s bioproduct mill site

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NYAB is building a wind farm in Kalajoki at full power

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Skarta has launched new financial targets and strategic main directions – Activities will be expanded towards overall projects in wind power, solar energy, and hydrogen solutions

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Trading in Skarta Group Plc’s new shares began on the First North marketplace

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Skarta’s journey to become a First North company is progressing according to plan – the Board of Directors to have strong expertise in the energy sector

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Skarta got an order worth MEUR 10 from LKAB

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Skarta to build the foundations for EPV Energia’s wind farm in Närpiö

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NYAB wins the Group’s largest contract of all time

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Kuvituskuva, nainen ja mies tietokoneella

Job opportunities at Skarta

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NYAB is awarded assignments by Nacka municipality and the Swedish Fortifications Agency in Kiruna municipality

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Skarta Group seeks momentum for growth on the stock market

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Skarta to partner with Atria on a major wind power project

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NYAB is building a new road and bridge for Skellefteå municipality

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Skarta Energy Oy to be a new wind power subsidiary

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NYAB is awarded a bridge contract in Stockholm

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Skarta Finland started work on the construction site of the Kemi bioproduct factory

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HS-Vesi invests in Paroinen treatment plant in Hämeenlinna

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VSB selected NYAB as the main contractor for the Juurakko wind farm

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