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Veidekke: Building a pedestrian and cycle path in Ski

Veidekke's subsidiary Leif Grimsrud AS has been commissioned by Viken County Council to build a 1.2 kilometre pedestrian and cycle path with associated infrastructure between Stenfelt and Greverud in Nordre Follo municipality. The value of the contract is NOK 140 million excluding VAT.In addition to the construction of the new pedestrian and cycle path, the project includes remediation of county road 152 with several intersections and side roads, as well as upgrading municipal water and sewer lines in the area. The project will contribute a good interconnection to other pedestrian and cycle

Veidekke ASA: Signed collaboration contract in Gothenburg

Veidekke's Swedish subsidiary BRA Bygg has signed a collaboration contract with Global Business Gate regarding the construction of a new office building project in Gothenburg.The 46,000 m[2] project will be located on the new peninsula at Masthuggskajen, which is becoming a desirable addition to central Gothenburg. The project has attracted great interest, and letters of intent have already been signed for more than half of the office premises. “Together with BRA Bygg, we are now starting work on the construction of Global Business Gate, which will be an innovative hub and meeting place

Veidekke: Exercise of employee share options in Veidekke ASA

A total of 6 participants in the Company's share option program have on November 17[th] 2023 exercised a total of 2 200 options at a strike price of NOK 43.05.A total of 34 participants the Company's share option program have on November 17[th ]2023 exercised a total of 25 840 options at a strike price of NOK 47.36. Following the exercise, the employees will purchase 28 040 shares. These shares will be transferred during December 2023. Shares acquired through the program have a sales restriction on one year after exercise date. For further information, please contact: Jørgen Wiese

Veidekke ASA: To build wastewater tunnel in Stockholm

Veidekke has been commissioned by Stockholm Vatten och Avfall to build a new wastewater tunnel that will relieve Stockholm's wastewater system and reduce flood risk. The value of the execution contract is SEK 898 million.The new “Mässtunneln” tunnel will run from Stockholmsmässan in Älvsjö through Solberga, Västberga and Midsommarkransen to Liljeholmen. Veidekke's assignment comprises the construction of the 4 km long tunnel with an associated access tunnel. The access tunnel will be built at Kontrollvägen in northern Solberga, from which the wastewater tunnel will be blasted and drilled in

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

Veidekke: More work on major project in Bjørvika

After very good residential sales for Mariakvartalet in Bjørvika, Oslo S Utvikling (OSU) has commissioned Veidekke to complete the basement of the environmentally certified residential project. The value of the contract is NOK 116 million excluding VAT.In Mariakvartalet, 246 apartments, a kindergarten, shops, restaurants and cultural facilities will be built. The homes will be certified as Very Good in accordance with the BREEAM-NOR manual. In addition, greenhouse gas emissions will be reduced by at least 20%, the construction site will be fossil-free, and there are strict requirements to

Veidekke: Invitation to presentation of Q3 2023 results 8 November 2023

Veidekke ASA will report third quarter 2023 results on Wednesday 8 November 2023 at 07:00 CET. The report and presentation will be made available at the same time on veidekke.com. A presentation of the quarterly results will be held at 08:30 CET at Veidekke’s head office in Skabos vei 4 at Skøyen in Oslo. All presentations will be held in Norwegian. Presentations and ensuing Q&A will be webcast on veidekke.com. Veidekke welcomes questions to the presenters from the audience present or via web.

Veidekke: New assignment in Ålesund

Veidekke has been commissioned by Sunnmøre parkering AS to build a parking facility at Ålesund Hospital. The parking facility will have a gross area of 18,000 m2 across five floors with well over 600 parking spaces. The contract is a design and build contract valued at NOK 200 million excluding VAT."This is a great project in line with Ålesund Hospital’s development plan. It contributes to better conditions for users of the hospital and safeguards the universal pedestrian link between the new public transport hub along Borgundvegen to the hospital's main entrance. And we are of course happy

Veidekke: Building 264 homes for OBOS in Oslo

Veidekke has been commissioned by OBOS to build the Ulvenplassen project at Ulven in Oslo with 264 homes, apartments for the elderly and commercial premises. The contract is a design and build contract valued at NOK 597 million excluding VAT.“We are very pleased that we can continue the large-scale development of Ulven in partnership with OBOS and are very appreciative of the commission. This is especially important for us now that the housing market has cooled off. At the same time, we know that the market will return. OBOS taking responsibility and building without pre-sales will help to

Veidekke: expects lower production in construction markets

Veidekke anticipates a 13% drop in production in the Scandinavian construction markets by the end of 2024, while positive developments include high infrastructure-related activity and cost stabilisation. Although construction-cost inflation appears to be slowing and development trends are expected to normalise going forward, prices are currently expected to remain at their present high levels. Veidekke’s market update assumes production in the Scandinavian construction markets to drop 6% in 2023, and 7% in 2024. The three countries are at somewhat different cyclical stages. While

Veidekke: Klara-Lise Aasen resigns from the board of directors

Klara-Lise Aasen, director on the board of Veidekke ASA, has informed Veidekke that she is resigning from her board position effective 1 October 2023, at which date she is starting her new position as Executive Vice President of Corporate Banking at DNB. DNB is Veidekke's main bank connection. For more information, contact:Jørgen Wiese Porsmyr, CFO, +47 907 59 058, jorgen.wiese-porsmyr@veidekke.no Veidekke press photos Subscribe to notices from Veidekke 

Veidekke: Mandatory notification of trade - Share purchases under the Key employees’ share program 2023 – Correction*

Reference made to the stock exchange notification dated 11/09/2023 regarding the reporting of notifiable trades under the share purchasing program for Key employees. The original announcement contained the wrong number of subscribed shares for two primary insiders. Please see the updated message below:A total of 575 participants in the Company's share program for key employees have on September 8[th] 2023 subscribed for 705 554 shares. The purchase price is equal to the volume-weighted average share price on the Oslo Stock Exchange in the subscription period, with a deduction for a

Veidekke: To build new Krødsherad school

Veidekke has won the price and design competition and will build the new Krødsherad primary and lower secondary school at Noresund. The commission is a design and build contract valued at NOK 158 million, excluding VAT.“We are both pleased and proud to have won the competition and are grateful for the commission. Building good schools is one of the most important things we can do, and I am certain that the new Krødsherad school will be of great benefit to students, teachers and other users of the school,” says district manager Gro Brathovde with Veidekke Bygg Buskerud. The school is

Veidekke: Builds student housing in Kristiansand

After completing the interaction phase, Veidekke has signed a contract with the Student Welfare Organisation in Agder (SiA) to construct two buildings in solid wood with housing for 400 students, commercial areas and underground parking in Kristiansand. This commission is a design and build contract worth almost NOK 450 million, excluding VAT.“We would like to thank SiA for their good, close cooperation during the interaction phase and that we have now also been awarded the actual construction commision. There is a great need for more student housing in Kristiansand and it is a great

Veidekke: Record high environmental score for Bergen Light Rail

Veidekke has been awarded the BREEAM certificate confirming the Excellent sustainability certification for the construction of the cycle path through the Kronstad tunnel in Bergen. The project for Bergen Light Rail received a score of 80.9%, which is the highest achieved for a construction project in Norway.“We are very proud of the good results we have achieved together with Bergen Light Rail. High ambitions for sustainability are motivating, but the most important thing is that the process has given us inspiration and knowledge that we can apply in new projects. Documenting that we have

Veidekke: Mandatory notification of trade - Share purchases under the Key employees’ share program 2023

A total of 575 participants in the Company's share program for key employees have on September 8[th] 2023 subscribed for 705 554 shares. The purchase price is equal to the volume-weighted average share price on the Oslo Stock Exchange in the subscription period, with a deduction for a discount. Discount for Swedish employees is 25 % which gives a purchase price of 75.25 NOK per share. For the Norwegian and the Danish employee`s the discount is 20%, which gives a purchase price of 80.26 NOK per share. The shares are subject to a three-year lock-in period. A total of 524 participants

Veidekke: Awarded top grade for sustainability reporting

Veidekke was awarded the top grade, A+, in Position Green's annual ranking of the sustainability reporting of the 100 largest listed companies in Norway, Sweden and Denmark.Veidekke achieved the top grade for the very first time, following several years in the top tier. Of the 300 companies rated, 14 Norwegian, 4 Swedish and 1 Danish company were rated A+. This ranking is the last in a series of favourable feedback on Veidekke's sustainability and climate efforts. As recently as August, PWC's 2023 Climate Index highlighted Veidekke as one of nine companies that are cutting climate

Veidekke: Taking ownership interest in hydrogen company

Veidekke expands the collaboration and becomes co-owner of Applied Hydrogen at Kongsberg. "In order for the building and construction industry to halve CO\2\ emissions by 2030, we need to work with a broader range of sustainable energy solutions than we have done so far. We are now taking action on this development together with Applied Hydrogen," says Berit Laanke, Director of Business Development Sustainability at Veidekke Infrastruktur.Greenhouse gas emissions at Veidekke are largely linked to the consumption of building materials. Construction activity also has a significant footprint

Veidekke: Exercise of employee share options in Veidekke ASA

A total of 22 participants in the Company's share option program have on August 25th 2023, exercised a total of 10 325 options at a strike price of NOK 43.05.A total of 82 participants in the Company's share option program have on August 25th 2023 exercised a total of 67 270 options at a strike price of NOK 47.36. Shares acquired through the program have a sales restriction on one year after exercise date. Following the exercise, the employees will purchase 77 595 shares. These shares will be transferred September/October 2023. 1 500 options have been exercised by primary insiders.

Veidekke: Q2 2023 results

Veidekke achieved revenues of NOK 11.2 billion in Q2, and a pre-tax profit of NOK 387 million. The group’s order book totalled NOK 45.0 billion at quarter-end. The profit per share was NOK 2.0.“Veidekke has maintained high activity levels and stable profitability despite more challenging market conditions, and has increased group profits compared to last year,” says Group CEO Jimmy Bengtsson. “The group’s quarterly order inflow was robust and broad-based in terms of both geographical spread and market segments. The order book of the Norwegian construction operation is particularly strong,

Veidekke: Building even more homes in Lille Løren Park

Nordr and Selvaag Bolig have awarded Veidekke the contract to also build the third and final stage in the Lille Løren Park project in eastern Oslo. The project consists of 165 environmentally certified apartments in three apartment buildings. The contract is a design and build contract valued at NOK 322 million excluding VAT.“We appreciate the continued confidence shown in us and are very pleased to get started with the final part of this great housing project, despite a somewhat difficult market. We like building for Selvaag and Nordr, and appreciate working at Løren where we have built

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