Veidekke: Q3 2023 results
Veidekke achieved revenues of NOK 10.4 billion in Q3, and a profit before tax of NOK 601 million. The group’s order book totalled NOK 40.7 billion at quarter-end. The profit per share was NOK 3.3.“Veidekke has maintained stable profitability despite increasingly challenging market conditions, and has improved both revenues and profits in the third quarter,” says Group CEO Jimmy Bengtsson. “Rising interest rates and ongoing high material costs are increasing hesitancy among clients and delaying project starts. Although we have a good overview of activity in the next 12 months, we expect