Update of current claims
In view of newly settled and ongoing claims, NCC wishes to announce the following with regards to probable impact on earnings.
The District Court in Gothenburg recently rejected NCC’s claim concerning the forensic psychiatry care facility at Rågården in Gothenburg, which was completed in 2013. NCC does not share the Court’s opinion and will appeal the judgment. NCC has, however, made a provision of a total of SEK 43 million, corresponding to the penalty and court costs incurred by the counterparty. The provision will impact NCC’s earnings in the second quarter.
Claims settled in favor of NCC, concerning infrastructure projects in Norway, means NCC has reduced provisions, which in turn positively impacts earnings for the second quarter.
Overall, a limited effect on earnings is expected concerning claims in the second quarter.
For further information, please contact:
Anna Trane, Head of Corporate Media Relations, NCC +46 708 84 74 69 email@example.com
NCC’s media line +46 8 585 519 00, E-mail: firstname.lastname@example.org, NCC’s Mediabank
About NCC. Our vision is to renew our industry and provide superior sustainable solutions. NCC is one of the leading companies in the Nordics within construction, infrastructure and property development, with sales of over SEK 57 billion and 16,500 employees in 2018. The NCC share is listed on Nasdaq Stockholm.