NCC is one of the leading construction and property development companies in the Nordic region, with sales of SEK 54 billion and 12,500 employees.
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Comprehensive analysis impacted earnings
Following a comprehensive analysis of NCC, the company is presenting a number of measures to improve profitability. The quarter was charged with provisions for claims and warranties, revaluation of development properties and impairment losses totaling SEK 1,565 M. Operating profit for the third quarter is estimated to amount to approximately negative SEK 1,108 M.
NCC will split its largest business area, NCC Building, into Building Sweden, led by Henrik Landelius, and Building Nordics, led by Klaus Kaae. The aim is to provide each unit with better conditions to achieve profitable growth.
NCC is inviting representatives from the financial market and media to a Capital Markets Meeting with NCC on Tuesday, October 16 in Stockholm.