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NCC has been commissioned by fund manger Slättö to construct 584 rental apartments in Bromsten in the northwest of Stockholm. The project is a turnkey contract with an order value of approximately SEK 665 million.
NCC has signed an agreement with the municipality-owned Undervisningsbygg KF to build Bentsebrua school in Oslo, Norway. The school, which encompasses 9,000 square meters and will accommodate 540 students, will be constructed to meet high environmental standards. The order value is approximately SEK 360 million.
NCC, in cooperation with Vätterhem, is to construct 120 rental units and 44 sheltered housing units in the Strandängen city district of Jönköping. The project is included in the parties’ strategic partnering arrangement. The order value is approximately SEK 400 million.
NCC sells land in Järva Krog, Solna, to Aros Bostad for approximately SEK 260 million. The purchase includes development rights corresponding to about 190 new residential units that Aros Bostad will construct with NCC as the turnkey contractor.
A strong quarter.
NCC has been commissioned by NREP to construct 191 apartments in Espoo, Finland. The apartments will be completed during summer 2023. The project is a design-build contract with an order value of approximately SEK 240 million.
NCC, in a joint venture with SMET, has been commissioned to construct a 1.3-kilometer surface water and stormwater tunnel in central Copenhagen. The project is to be performed on behalf of utility companies HOFOR and Frederiksberg Forsyning and is scheduled for completion in 2026. The order value for NCC is approximately SEK 300 million.
Afa Försäkring has decided to make lump-sum payments of surpluses within the collectively bargained AGS group sickness insurance policy. For NCC this is expected to have a positive impact on EBIT in the fourth quarter of 2021 of approx. SEK 160 M, of which approx. SEK 28 M is reported in the Industry business area and approx. SEK 9 M in other subsidiaries. The remaining approx. SEK 123 M is reported in the Group under Other and eliminations.
NCC divests its Finnish asphalt business to the Finnish based company Asfalttikallio. As previously announced, this is a small unit within NCC that has been loss-making for several years and has a better strategic fit with another owner. The transaction is expected to have a negative impact of SEK 180 M on the earnings in business area Industry in the fourth quarter 2021.