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NCC has reduced its carbon emissions by 35 percent in two and a half years. This is largely due to switching the majority of its Swedish asphalt plants to renewable fuels.
Comprehensive analysis impacted earnings
NCC and Staffanstorps Kommunfastigheter AB have signed a strategic partnering agreement for new construction and conversion of the company’s properties. The framework agreement, with an estimated order value of between SEK 400 and 700 million, will run for two years with an option for a two-year extension. An initial project in the framework agreement is a new school for some 550 students and an associated sports facility.
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 has been commissioned by Bane NOR in Norway to carry out concreting works on the Loenga-Ekebergåsen line, a part of the expansion of the Follo Line between Oslo and Ski — Norway’s largest infrastructure project of the modern era. The order value is approximately SEK 275 million.
NCC is selling its Fredriksberg office project in Helsinki for approximately SEK 460 million to Swiss Life Asset Managers.