Our core is construction

NCC's annual report 2021

Every generation has a responsibility to maintain and develop its shared social infrastructure in order to create opportunities today and for the future. Construction, maintenance and development projects are initiated by our customers or by NCC. NCC’s purpose is to utilize our expertise and competencies as the basis for taking the customer through the construction process in order to create a positive end result for all stakeholders.

Strategic direction

  • 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.

Focus Areas

  • 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.

  • 55,786

    Orders received (SEK M)

  • 53,414

    Net sales (SEK M)

  • 1,825

    Operating profit (SEK M)

Financial targets and outcome

  • Earnings per share

    ≥SEK 16 in earnings per share in 2023

    Outcome 2021:

    SEK 14

  • Corporate net debt1)


    <2.5 x EBITDA

    Outcome 2021:

    –0.3 x EBITDA

  • Dividend policy
    ≥40 percent of after-tax profit is to be distributed to shareholders
    Outcome 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

  • 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

  • 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

  • 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 1: Carbon equivalents, i.e. GHG emissions expressed as the equivalent amount of carbon dioxide.
Note 2: Emissions from transports were not reported for 2021. Initially, emissions from ready-mixed concrete, steel reinforcement and internally purchased asphalt are reported.
A power station stretching through a river, with forested ground on the sides.
  • Share of net sales of NCC total.
  • Share of average number of employees of NCC total.
Two workers looks out from the ongoing construction of Våghuset, Gothenburg, with its wavy wall panels.
  • Share of net sales of NCC total.
  • Share of average number of employees of NCC total.
A sunset view of the exterior of the new OOPS office building.
  • Share of net sales of NCC total.
  • Share of average number of employees of NCC total.
Two workers looks out from the ongoing construction of Våghuset, Gothenburg, with its wavy wall panels.
  • Share of net sales of NCC total.
  • Share of average number of employees of NCC total.
A cyclist moving along a street with newly built houses surrounding it.
  • Share of net sales of NCC total.
  • Share of average number of employees of NCC total.
Two persons looking at a 3D sketch on a screen, with one of them pointing towards it.

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.

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Tove Stål

Head of Group External Relations, NCC Group

NCC Media service

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