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Veidekke: Signed strategic framework agreement with the Danish Building and Property Agency

Veidekke's Danish subsidiary Hoffmann A/S and the Danish Building and Property Agency have signed a strategic framework agreement concerning design and build projects. The four-year agreement, starting in 2025, has an expected total volume of DKK 6 billion.According to the agreement, Hoffmann A/S will contribute to safe and efficient execution of projects through close, recurring and committed collaboration involving fewer contracts and interfaces. All construction projects with a value in excess of DKK 3 million can be executed through the strategic framework agreement. “We are pleased

Veidekke: Building homes at Lilleby in Trondheim

Veidekke has won yet another commission in Trondheim for Nordr (Lilleby Eiendom), and this time an environmentally certified residential block with 60 apartments and a terraced house with four apartments will be built. This will be a design and build contract valued at close to NOK 150 million, excluding VAT.“We are very pleased with the renewed trust and would like to once again thank Nordr and the other owners in Lilleby Eiendom for the commission. Since start-up at the old smelting plant site in 2015, through a very close and good partnership we have had the pleasure of developing and

Veidekke: More homes for Nordr in Oslo

Before the summer, Nordr Norge selected Veidekke as the design and build contractor for the Grønvoll quarter development at Helsfyr in Oslo. Now the second construction stage with 139 apartments and a parking facility has been given the go-ahead, a commission valued at NOK 385 million excl. VAT.“We really appreciate being able to extend the good partnership in the project after we were commissioned with the first construction stage in August. This is much needed new housing in Oslo at a time when far too few housing projects are being initiated. We are of course also very pleased to build

Veidekke: Building homes for Fredensborg Bolig

Fredensborg Bolig has commissioned Veidekke to perform groundworks and build the first 81 apartments with underground parking in the Poulssons Kvarter residential project at Fornebu in Bærum. The contract is a design and build contract valued at just over NOK 340 million excluding VAT.“We have enjoyed very good cooperation with Fredensborg in developing the project through 2023 and 2024. Poulssons Kvarter is being developed with the emphasis on good architecture, robust solutions and environmentally sound material choices, and the good sales in the project show that the homes have found

Veidekke: Yet another logistics building at Lahaugmoen

Veidekke Logistikkbygg has signed a contract with Anthon Eiendom AS for the construction of an environmentally certified commercial building at Lahaugmoen in Lillestrøm. Norsk Bibliotektransport AS will be the tenant. The construction contract is valued at around NOK 140 million excluding VAT.“We have completed a lengthy and good interaction phase to develop what will be our eleventh construction project in partnership with Anthon Eiendom. This will be an efficient non-residential building with clear environmental ambitions, and we once again appreciate the confidence shown in us,” says

Veidekke: To build infrastructure project in Gothenburg for the Swedish Transport Administration

Veidekke has been contracted by the Swedish Transport Administration to build Stage 1 Lundbyleden–Brunnsbo station in Gothenburg, an infrastructure project to the north of Lundbyleden. The execution contract is valued at approx. SEK 997 million.The contract comprises foundation and civil engineering works for the Lundbyleden–Brunnsbo station section, which will include two railway bridges and a road bridge as well as piled foundations, retaining walls and the lifts at Brunnsbo station. Production in the project will begin in 2025, and all four contracts that make up Lundbyleden are

Veidekke: Extension and rehabilitation of Skedsmo upper secondary school

Veidekke, with its subsidiary Seby AS, has won the competition to extend Skedsmo upper secondary school in Lillestrøm. The contract with Akershus County Council is a design and build contract valued at just below NOK 560 million excluding VAT.“We are very pleased to have won this commission in tough competition with four other contractors. Building good schools is one of the most important tasks we have as a society, and it is especially satisfying that the project will be environmentally certified. We are grateful for the confidence shown in us and look forward to delivering a great

Veidekke: Exercise of employee share options in Veidekke ASA

A total of 14 participants in the Company's share option program have on November 15[th] 2024 exercised a total of 13 300 options at a strike price of NOK 39.46.A total of 92 participants in the Company's share option program have on November 15[th] 2024 exercised a total of 91 535 options at a strike price of NOK 99.36. Shares acquired through the program have a sales restriction on one year after exercise date. Following the exercise, the employees will purchase 104 835 shares. These shares will be transferred during December. Shares acquired through the program have a sales

Veidekke ASA: To build a new preschool in Tyresö, Sweden

Veidekke has been contracted by Tyresö municipality, near Stockholm, to build a new preschool in Bollmora which will accommodate 160 children. The contract value is approximately SEK 125 million.Central Tyresö requires more permanent preschool capacity under municipal auspices, and the municipality has tasked Veidekke with building a new preschool adjacent to Bergfotens school. “Tyresö is constantlig developing. In building for our community, we aim to promote the Tyresö values and think sustainably, humanely, green and blue. With this in mind, we look forward to starting the

Veidekke: Q3 2024 results

Veidekke achieved revenues of NOK 9.7 billion in Q3, and a pre-tax profit of NOK 616 million. The group’s order book totalled NOK 41 billion at quarter-end. The profit per share was NOK 3.4.“Veidekke has delivered a solid third-quarter performance. The margin on the project portfolio continues to rise, and is making up for reduced activity levels. As in earlier quarters of the year, Infrastructure Norway has delivered the greatest improvement,” says Group CEO Jimmy Bengtsson. “Our order book is strong, and the robust intake of both residential and commercial building orders indicates

Veidekke: Contract with Fornebubanen valued at almost NOK 1.8 billion

Today, Veidekke has signed a contract with Fornebubanen to build the new metro stations at Lysaker and Vækerø. The commission is an execution contract valued at close to NOK 1.8 billion excluding VAT.“We appreciate the confidence Fornebubanen has shown in us and are looking forward to carrying out yet another large and socially important mission together. Building good and environmentally friendly transport solutions that are important to the population of the Oslo area is something we really appreciate doing,” says Director Neal Nordahl with Veidekke Anlegg.   The commission to build

Veidekke: Major contract for health building in Tysvær

Today, Veidekke has signed a contract with Tysvær municipality to build the Helsekvartalet complex in Aksdal. Helsekvartalet will consist of 120 homes with 24/7 staffing, premises for the home care services, a daytime activity centre and medical services. The contract is a design and build contract valued at approx. NOK 680 million excluding VAT.“We appreciate the confidence shown in us and are very proud to build the new health complex in Aksdal. This will be an important building for the municipality’s residents, where many users, employees and services will be affected. We especially

Veidekke: Invitation to presentation of Q3 2024 results 7 November 2024

Veidekke ASA will report third quarter 2024 results on Thursday 7 November 2024 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: Change of leadership in Veidekke’s Swedish construction business

After five years heading Veidekke’s Swedish construction business, Charlotta Nilsén is now leaving the position. Martin Gadd (48) who has worked in various parts of the Veidekke Group since 2012 will assume the position. He comes from a role as responsible for “Special Units” within Veidekke’s Norwegian Infrastructure business. Martin takes up his new role today and will at the same time become a member of Veidekke’s corporate management. “I would like to thank Charlotta for her efforts over the years in Veidekke – and particularly for her hard work to improve the construction business

Veidekke: To become co-owner of excavated rock material facility in Ålesund

Veidekke has entered into an agreement to acquire 46% of the shares in ESAM Møre AS. The company is in the process of establishing Alvika Miljøpark, which will receive, process and sell surplus material from construction activities in the Ålesund region.“We are looking forward to developing Alvika Miljøpark together with Aco Anlegg AS, Svinø Entreprenør AS and Blindheim Maskin and Transport AS. This will be the county’s largest material reception facility and plant for reusing surplus material. Veidekke has broad expertise in the operation of rock crushing plants and reception facilities,

Veidekke: Sees light at the end of the tunnel for the Scandinavian contracting markets

The negative trends which have characterised Veidekke’s contracting markets for the last couple of years are expected to turn in 2025, with the strongest demand likely to be seen in the transport infrastructure segment, defence and the water supply, sewerage and energy sectors.“Although we expect market activity levels to remain flat into the first half of 2025, we are seeing signs of a positive shift in several key drivers of the downturn. Figures from macroeconomic forecasting bodies suggest a return to more normal inflation levels, falling interest rates and a generally strong economic

Veidekke: To build Kragerø Resort FRI

Fredensborg Fritid AS has commissioned Veidekke to build the first construction stage of 50 holiday apartments and a parking facility in connection with the Kragerø Resort hotel. This will be a design and build contract valued at close to NOK 200 million, excluding VAT.“We would like to thank Fredensborg Fritid for the commission, their confidence in us and the excellent cooperation we have had initially. Together, we have managed to agree on good solutions within a cost level that enables implementation while also safeguarding the environment and climate. And we will carry out the work

Veidekke: To renovate primary school in Huddinge

Veidekke's Swedish subsidiary Arcona is about to start the remodelling of Solfagraskolan primary school for Huddinge Samhällsfastigheter AB. The collaborative design and build project has a total contract value of SEK 400 million.Solfagraskolan is a preschool to sixth grade primary school in Huddinge. The initial project phases, comprising planning and design, start immediately. The current school buildings will be demolished and replaced by modern wooden buildings certified in accordance with the environmental building standard Miljöbyggnad 4.0, level silver. The new school will comprise a

Veidekke: Major office commission for Bara in Bergen

Bara Eiendom has commissioned Veidekke to build the new LINK office building in Kronstadparken in Bergen. The 16,400 m2 building is to be environmentally certified and Veidekke itself will be one of the tenants. The commission is a design and build contract in collaboration worth NOK 504 million, excluding VAT.“We have enjoyed good, continuous collaboration with Bara Eiendom for 14 years and LINK will be the seventh office building in a row that we have built for them. We are grateful for this renewed confidence and at the same time we are looking forward to moving into what will be the

Veidekke: New housing commission in Sandnes

Veidekke has been commissioned by K2 Bolig and Bane NOR Eiendom to erect the first stage of the Skeiane station residential project in Stavanger. The contract comprises includes 47 apartments, common rooms, guest bedsits, a separate parking and bicycle garage and commercial premises. This will be a design and build contract valued at close to NOK 100 million, excluding VAT.“We are very pleased to have won the competition for this commission and to have gained renewed trust from a good customer in K2 Bolig and Bane NOR Eiendom. This is a great project with good qualities and a nice location

Veidekke: Mandatory notification of trade - Shares purchased by Key employees in 2024

A total of 479 participants in the Company's share programme for key employees have on September 6[th] 2024 subscribed for 549 110 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 90.96 NOK per share. For the Norwegian and the Danish employee`s the discount is 20%, which gives a purchase price of 97.02 NOK per share. The shares are subject to a three-year lock-in period. A total of 437

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