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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

Veidekke: Mandatory notification of trade

Mr. Hans Olav Sørlie, Executive Vice President and primary insider in Veidekke ASA, has sold 15 000 Veidekke shares at a price of NOK 125.00 each. After this transaction Mr. Hans Olav Sørlie holds 81 937 shares in Veidekke. For further information, please see enclosure at www.newsweb.no. Ref.: Jørgen Wiese Porsmyr, CFO, +47 907 59 058, jorgen-wiese.porsmyr@veidekke.no This information is subject to disclosure requirements set out in the Market Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act Section 5-12.

Veidekke: Mandatory notification of trade

Mr. Arve Fludal, a board member and primary insider in Veidekke ASA, has today sold 500 Veidekke shares at a price of NOK 123.60 each. After this transaction Mr. Arve Fludal holds 5 050 shares in Veidekke. For further information, please see enclosure at www.newsweb.no. Ref.: Jørgen Wiese Porsmyr, CFO, +47 907 59 058, jorgen-wiese.porsmyr@veidekke.no This information is subject to disclosure requirements set out in the Market Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act Section 5-12.

Veidekke: Exercise of employee share options in Veidekke ASA

A total of 20 participants in the Company's share option program have on August 23[rd] 2024 exercised a total of 18 775 options at a strike price of NOK 39.46.A total of 50 participants in the Company's share option program have on August 23[rd] 2024 exercised a total of 45 463 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 64 238 shares. These shares will be transferred during September.  5 500 options have been exercised by primary insiders.

Veidekke: Building sustainable offices in Ålesund

Veidekke has been commissioned by Ulsmo Eiendom to erect an office building that will receive the Nordic Swan Ecolabel at Holssletta in Ålesund, and Veidekke itself will be a tenant of the building. The contract is a design and build contract valued at NOK 193 million excluding VAT.“Implementing future-oriented construction projects with clear environmental ambitions for customers who dare to think along new lines is something we greatly appreciate. This will be one of the first offices in the country with a low carbon concrete plus façade from our subsidiary Veidekke Prefab, which

Veidekke: Has completed the Euromining acquisition

Veidekke has completed the acquisition of Euromining in Gällivare, Sweden. Euromining, a heavy-equipment contractor that mainly targets the mining industry, will strengthen Veidekke's operations in northern Sweden, which currently focuses on new construction of infrastructure and mining projects.After a letter of intent announcing the acquisition was published 20 May 2024, due diligence has been completed, and the parties have signed final agreements. “The Euromining acquisition strengthens Veidekke's position in a region boasting considerable activity and exciting prospects. Euromining

Veidekke: Q2 2024 results

Veidekke achieved revenues of NOK 10.8 billion in Q2, and a profit before tax of NOK 484 million. The group’s order book totalled NOK 41.1 billion at quarter-end. The profit per share was NOK 2.7.“Veidekke maintained a high level of activity and delivered a year-on-year improvement in both profits and profitability,” says Group CEO Jimmy Bengtsson. “Our operations are solid, and even with somewhat lower earnings, we improved our profits significantly compared to the second quarter of last year. Infrastructure Norway made the greatest progress, and I am particularly pleased about the

Veidekke: Construction start for billion project in Oslo

Before the summer, Nordr Norway selected Veidekke as the design and build contractor for the Grønvoll quarter development at Helsfyr in Oslo. Now it is ready for the first construction stage with 109 apartments, a commission valued at NOK 382 million excl. VAT.“We really appreciate the confidence shown in us by awarding us this commission, as this is one of the largest housing projects starting up in Eastern Norway this year with a total of more than 400 apartments. We have now demolished the old buildings and are carrying out groundworks on the site. At the same time, we are already

Veidekke: Completing major project in Bjørvika

Oslo S Utvikling (OSU) has commissioned Veidekke to complete the Mariakvartalet project in Bjørvika with 246 environmentally certified apartments. The value of the contract is NOK 644 million excluding VAT. Veidekke has already completed the foundation and groundworks and built the basement floors in the project.“We are pleased with the renewed confidence shown in us and that we can continue to develop Bjørvika in partnership with OSU. We greatly appreciate a customer who places such high demands on both quality and the environment. We have had an excellent partnership so far, and are very

Veidekke: Invitation to presentation of Q2 2024 results 15 August 2024

Veidekke ASA will report second quarter 2024 results on Thursday 15 August 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.

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