Press Releases

NCC, in consortium with Spanish construction and engineering company OHL, has been awarded the assignment to expand the section of railway between Lund and Flackarp in Skåne, Sweden, for the Swedish Transport Administration. The assignment comprises an option under the Lund–Arlöv Four Track project and the order value amounts to approximately SEK 800 million.

The shareholders in NCC today at the Annual General Meeting (AGM) passed resolutions concerning inter alia the adoption of the income statement and the balance sheet, discharge from liability for the Board of Directors and the CEO, dividend payment, election of the Board of Directors and director fees, election of auditor, guidelines for remuneration of senior executives and a long-term performance-based incentive program. Resolutions were also passed regarding a change in the articles of association, following a proposed change in the Swedish Companies Act.

Owing to the prevailing uncertainty in society due to the corona virus, the Board of Directors of NCC propose that the Annual General Meeting on April 1 does not resolve on any dividend. However, the intention of the Board of Directors is to, if conditions allow, convene an Extra General Meeting later in the year to decide on a dividend. The Nomination Committee has also decided to propose that the director fees remain unchanged compared to 2019.

NCC is to construct two new healthcare buildings at Mälar Hospital in Eskilstuna and Nyköping Hospital in collaboration with Region Sörmland. The total order value for both projects amounts to more than SEK 2.4 billion.

As previously announced, NCC plans to hold its Annual General Meeting on April 1 at 4:30 pm, at Norra Latin, Drottninggatan 71 B, Stockholm, Sweden. However, NCC will take precautionary measures to reduce the risk of the spread of infection on account of the coronavirus. We are monitoring developments in society carefully and will revise this decision as needed.  

The Board of Directors of NCC has previously proposed a dividend of SEK 5 per share divided into two payments, the first of SEK 2.50 per share in April and the second of SEK 2.50 per share in November. Owing to the prevailing uncertainty in society, however, the Board now proposes that the Annual General Meeting only decides on a dividend of SEK 2.50 per share, with April 3, 2020 as the record date. The ambition of the Board of Directors is to, if conditions allow, summon an Extra General Meeting to decide on a second dividend.  

NCC’s 2019 Annual Report is now available digitally at www.ncc.com/ir.

The Annual General Meeting (AGM) of NCC AB will be held at Norra Latin, Drottninggatan 71 B, Stockholm, on Wednesday April 1st, at 4:30 p.m. (CET).

According to NCC’s articles of association, owners of Series A shares are entitled to request that such shares be converted to Series B shares. Conversion reduces the total number of voting rights in the company.

NCC has won its single largest refurbishment project in Denmark to date, with a new phase of the refurbishment of row houses in the Albertslund Syd residential district for Bo-Vest. Worth approximately SEK 1 billion, the contract encompasses 503 row houses and extends for just over three years beginning in February 2020.

According to NCC’s articles of association, owners of Series A shares are entitled to request that such shares be converted to Series B shares. Conversion reduces the total number of voting rights in the company.

Improved earnings and strong cash flow

NCC has signed a long-term lease with Fiskars Group, which will be moving its head office to NCC’s “Next” project in Espoo, Finland in early 2022. Fiskars Group will be leasing the entire property of approximately 10,000 square meters.