Annual Report
NCC is one of the leading construction companies in the Nordics. Based on its expertise in managing complex construction processes, NCC contributes to the positive impact of construction for its customers and society.
NCC Markets
NCC is one of the leading construction companies in the Nordics. Based on its expertise in managing complex construction processes, NCC contributes to the positive impact of construction for its customers and society. Operations include building and infrastructure project contracting, asphalt and stone materials production and commercial property development. In 2022, NCC had sales of SEK 54 bn and 12,500 employees. The NCC shares are listed on Nasdaq Stockholm.
NCC operates in Sweden, Norway, Denmark and Finland.
Net sales per country
- Sweden, 58 %
- Denmark, 18 %
- Norway, 13 %
- Finland, 13 %
No. of employees per country
- Sweden, 7784
- Denmark, 2001
- Norway, 1438
- Finland, 1178
NCC operates three businesses with different business concepts, market conditions and driving forces.
Construction and Civil Engineering
NCC Infrastructure
Builds infrastructure for travel, transportation, energy and water. Operations comprise projects of all sizes and encompass solutions ranging from water and sewage treatment, storm water management and wind power to roads, railways, bridges and tunnels. Although the business area is Nordic, operations are mainly conducted in Sweden.
NCC Building Sweden
Builds and renovates sustainable housing, offices, healthcare buildings, schools, sports facilities and public buildings for public and private customers in Sweden. With advanced skills in sustainability, digitalization and partnering, NCC Building Sweden develops projects jointly with customers starting at the early stages.
NCC Building Nordics
Builds and renovates sustainable housing, offices, healthcare buildings, schools, sports facilities and public buildings for public and private customers in Denmark, Finland and Norway. Renovation of existing housing and offices has become an increasingly important part of the operations in recent years.
Industrial
NCC Industry
Offers products and services for construction and infrastructure projects in
Sweden, Norway, Denmark and Finland. Operations comprise production of stone materials and asphalt products, paving works and foundation engineering. These components form a natural supply chain that is well integrated into NCC’s construction and civil engineering operations.
Development
NCC Property Development
Develops and sells sustainable office, logistics, commercial and public services properties in prime locations in defined growth markets in the Nordic region. Operations are characterized by close cooperation with the customers to create flexible, customized and healthy worksites.
Synergies Between the Business
The industrial business supports the construction and civil engineering business by supplying aggregates, asphalt, paving and road services. Similarly, NCC's construction units are major customers for the industrial business. In connection with road works, in particular, the synergies are considerable.
The industrial business, which is largely based on maintenance contracts with the central government and municipalities, and the civil engineering business usually remain relatively stable when the economy recedes, while the construction and development businesses are more sensitive to economic trends.
Competitors
NCC’s biggest competitors listed by markets.
Sweden: Skanska, Peab, Veidekke, JM
Norway: Veidekke, Skanska, AF Gruppen; Peab
Denmark: Per Aarsleff, MT Højgaard A/S, Hoffmann A/S, Enemærke & Petersen, A. Enggaard, CASA
Finland: YIT, Skanska, SRV