Impairment of Norwegian infrastructure project and lower sales in NCC Building’s Danish and Finnish operations in third quarter of 2017
NCC is impairing an infrastructure project in Norway and lower year-on-year sales in the Danish and Finnish construction operations are impacting profit in the NCC Building business area. NCC’s operating profit is expected to amount to approximately SEK 400 million (503) for the third quarter.The impairment relates to the Björnegård Tunnel and will impact profit by SEK 150 million in the third quarter. The order for the Björnegård Tunnel project was secured in the fourth quarter of 2014 with production scheduled to take place between 2015 and 2019. In addition to the impairment, the effect
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