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Strong cash flow and continued improvement
Pursuant to its mandate from the Annual General Meeting held on April 1, 2020, the Board of Directors of NCC AB (publ) has decided to purchase own Series B shares.
NCC and Taaleri Real Estate Fund are to construct three new apartment blocks in Espoonlahti, outside Helsinki, an area undergoing extensive development. In total, there will be 218 apartments of various sizes, and the order value amounts to EUR 41 M.
NCC’s interim report for the first quarter 2020 will be released on Tuesday the 28[th] of April. The report will be distributed and available on NCC’s website ncc.se/ir (https://www.ncc.se/investor-relations/) on or around 7:10 CEST.
In collaboration with HSB Gothenburg, NCC will construct 135 tenant-owner apartments in Gothenburg. The apartments will form the HSB brf Sannaparken block and are a part of the new Fixfabiken residential area that is being developed in Majorna, western Gothenburg. The order value is approximately SEK 285 million.
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.