Strategic direction
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Our purpose
Our purpose is to take the customer through the construction process in order to create a positive end result for all stakeholders.
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Our core
Our core is our ability to manage the complexity of a construction process.
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Our position
Proactive construction experts realizing complex projects with our customers.
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A knowledge-based company
Build a knowledge-based company and a culture based on shared values and behaviors.
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IT infrastructure
Work in a data-informed manner, which requires that NCC invests in IT and digitization.
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Proactivity
Be proactive in relation to the customers in order to manage the complexity of the construction process and utilize and develop our expertise and experience.
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Expertise
Leverage the Group’s collective expertise in order to develop the construction process.
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Act with passion to perform
We challenge ourselves and each other to constantly improve and outperform our targets.
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Build together
We work actively to ensure effective collaboration internally, in and between units, and with our customers.
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Follow through and follow up
We take data-informed decisions, communicate them clearly and always act on what’s decided.
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Act with care
We take responsibility for our actions and use of resources. We mitigate risk and act with integrity to ensure safe, high-quality sustainable operations.
Focus Areas
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Our purpose
Our purpose is to take the customer through the construction process in order to create a positive end result for all stakeholders.
-
Our core
Our core is our ability to manage the complexity of a construction process.
-
Our position
Proactive construction experts realizing complex projects with our customers.
-
A knowledge-based company
Build a knowledge-based company and a culture based on shared values and behaviors.
-
IT infrastructure
Work in a data-informed manner, which requires that NCC invests in IT and digitization.
-
Proactivity
Be proactive in relation to the customers in order to manage the complexity of the construction process and utilize and develop our expertise and experience.
-
Expertise
Leverage the Group’s collective expertise in order to develop the construction process.
-
Act with passion to perform
We challenge ourselves and each other to constantly improve and outperform our targets.
-
Build together
We work actively to ensure effective collaboration internally, in and between units, and with our customers.
-
Follow through and follow up
We take data-informed decisions, communicate them clearly and always act on what’s decided.
-
Act with care
We take responsibility for our actions and use of resources. We mitigate risk and act with integrity to ensure safe, high-quality sustainable operations.
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55,786
Orders received (SEK M)
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53,414
Net sales (SEK M)
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1,825
Operating profit (SEK M)
Financial targets and outcome
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Earnings per share
≥SEK 16 in earnings per share in 2023
Outcome 2021:
SEK 14
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Corporate net debt1)
<2.5 x EBITDA
Outcome 2021:
–0.3 x EBITDA
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Dividend policy
≥40 percent of after-tax profit is to be distributed to shareholdersOutcome 2021:
43 percent 2)
Note 1: Net debt excludes pension debt and lease liability.
Note 2: The Board of Directors has proposed a dividend of SEK 6 per share for 2021.
Sustainability targets and outcome
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Health and Safety
LTIF4
Target for 2022: 3.0
Work-related accidents resulting in four calendar days of absence or more per million working hours
Climate and energy
NCC will be climate neutral by 2045
Outcome 2021:
3.7
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Scope 1 & 2
60-percent reduction in CO2e1) by 2030 (base year 2015), measured as tons of CO2e /SEK M
Outcome 2021:
Emission intensity amounted to 3.5 CO2e ton/SEK M, corresponding to a reduction of 41 percent compared with 2015
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Scope 3
50-percent reduction in CO2e by 2030 (base year 2015), from concrete, steel, asphalt and transportation2), measured as kilograms of CO2e/ purchased volume
Outcome 2021:
See page 94.
Note 2: Emissions from transports were not reported for 2021. Initially, emissions from ready-mixed concrete, steel reinforcement and internally purchased asphalt are reported.
Sustainability at NCC
NCC is one of the leading Nordic companies in building and infrastructure project contracting, commercial property development and asphalt and stone materials production, and works continuously and systematically to help the transition to a more sustainable society. NCC constructs, maintains and develops the built environment with a focus on how materials, methods and processes can reduce the impact on the environment and make a positive contribution to society.
NCC is an empowering partner that – through cooperation and dialogue with customers, various societal players and other stakeholder groups – enables the construction of healthy, safe and secure environments. Sustainability targets guide the Group’s decisions and priorities. NCC has internal targets in a number of impact areas and external targets in two prioritized areas: Health and safety and Climate and energy.
3,7
Accident frequency
(LTIF4 - Work-related accidents resulting in more than four calendar days of absence per million working hours)
41%
Reduction of CO2e/SEK M since 2015
Building for the future
Based on its expertise in managing complex construction processes, NCC facilitates construction that generates favorable results for the customers and has a positive impact on society in general. Operations include commercial property development, building and infrastructure project contracting, and asphalt and stone materials production.
NCC Infrastructure
Builds, renovates and maintains infrastructure for travel, transportation, energy and water treatment, as well as facilities for basic industry, in Sweden, Norway and Denmark. With expertise encompassing the entire chain from early stage consultancy, project planning and design to production and maintenance, we realize, together with our customers, projects with a favorable impact on society.
16,339
Net sales (SEK M)
- Share of net sales of NCC total.
- Share of average number of employees of NCC total.
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 from the early stages.
13,868
Net sales (SEK M)
- Share of net sales of NCC total.
- Share of average number of employees of NCC total.
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. With advanced skills in sustainability, digitalization and partnering, NCC Building Nordics develops projects jointly with customers from the early stages.
11,324
Net sales (SEK M)
- Share of net sales of NCC total.
- Share of average number of employees of NCC total.
NCC Industry
Develops, produces and sells sustainable stone materials and asphalt products for construction and infrastructure projects in Sweden, Norway, Denmark and Finland. The operations form a natural supply chain that is also well integrated into NCC’s construction and civil engineering operations.
10,755
Net sales (SEK M)
- Share of net sales of NCC total.
- Share of average number of employees of NCC total.
NCC Property Development
Develops, lets and sells properties, with the focus on office properties. With extensive expertise encompassing the entire chain from conceptualization of individual projects to the development of city districts, and with a major focus on sustainability and cooperation, flexible and customized property solutions are created in growth markets in the Nordic region.
4,775
Net sales (SEK M)
- Share of net sales of NCC total.
- Share of average number of employees of NCC total.
Develop the best employees in the industry
NCC is a long-term and stable employer in all of our Nordic markets. The operations are knowledge intensive and the number of multi-year large-scale projects is increasing. In order to succeed, we want to attract and develop the best employees in the industry. Together, we are building a learning organization, in which access to NCC’s accumulated experience combined with the employees’ individual competencies forms the foundation for our competitiveness.
NCC Academy is our initiative for providing access to the best skills development in the industry to our employees, even the most experienced ones. In addition to strengthening management at NCC, clear development opportunities add to the employees’ job satisfaction at NCC.
13,002
Average number of employees 2021
55%
Percentage of women in the Senior Management Team
260
Participants in NCC Academy's Leadership programs
Employee stories
Listen to a few voices from two of our management programs – Strategy Leadership Program and Mega Project Management Program
An insight into our business
NCC creates the environments of the future for housing, work and infrastructure. We develop our employees, carry out complex projects and deliver smart sustainable solutions that respond to both large and small challenges.
Read our annual report
Here you can download the full Annual report, or parts of it and combine them as you wish.
NCC is one of the leading construction companies in the Nordics. Based on its expertise in managing complex construction processes, NCC facilitates construction that generates favorable results for the customers and has a positive impact on society in general. Operations include commercial property development, building and infrastructure project contracting, and asphalt and stone materials production. In 2021, NCC had sales of SEK 53 billion, and 13,000 employees.
