Regulatory Press Releases
Conversion of shares in NCC AB
In accordance with NCC’s Articles of Association, owners of Series A shares are entitled to request that their shares be converted to Series B shares. As a result of such conversion, the total number of voting rights in the company is reduced. In connection with conversion, the company is obligated, pursuant to the Swedish Financial Instruments Trading Act (1991:980), to disclose details of the change in this manner.
NCC to build Global Business Gate in Gothenburg
NCC has launched a partnering arrangement with Global Business Gate for an entirely new office project in the Masthuggskajen district in Gothenburg. The assignment has been divided into two phases, and the total order value is expected to amount to approximately SEK 900 million.
NCC increases provisions in construction and civil engineering projects and reduces overhead costs
NCC’s earnings for the fourth quarter will be charged with SEK 315 million for increased provisions in construction and civil engineering projects. This adjustment entails that the project portfolios in the construction and civil engineering operations will have a lower and more balanced risk. Earnings will also be charged with SEK 75 million regarding restructuring costs for reducing overhead costs and severance pay for the former CEO. Operating profit for the fourth quarter is expected to be close to zero.
NCC to carry out major hospital project in Oulu, Finland
NCC has been selected as the construction partner for a hospital project in Oulu, Finland. The project includes two new buildings – a women’s and children’s hospital, and the first phase of a new main hospital. The customer is the Joint Municipal Authority of the Health Care District of Northern Ostrobothnia. The total order value is approximately SEK 705 million.
Conversion of shares in NCC AB
In accordance with NCC’s Articles of Association, owners of Series A shares are entitled to request that their shares be converted to Series B shares. As a result of such conversion, the total number of voting rights in the company is reduced. In connection with conversion, the company is obligated, pursuant to the Swedish Financial Instruments Trading Act (1991:980), to disclose details of the change in this manner.
NCC in consortium with Wayss & Freytag awarded phase of the West Link project for SEK 3.8 billion
The Swedish Transport Administration has selected NCC, in consortium with the German company Wayss & Freytag Ingeniurbau AG, to build the Korsvägen phase of the West Link project. The total order value is SEK 3.8 billion and the contract is expected to be signed in early December.
NCC to build wind farm in Piteå
NCC has been commissioned to conduct extensive infrastructure work for the Markbygden ETT wind farm in Piteå. The contract value is approximately SEK 800 million.
Acting General Counsel appointed
NCC has appointed Ann-Marie Hedbeck as new acting Legal Counsel, member of the Executive Management Team and Secretary of the Board. Ann-Marie Hedbeck replaces NCC’s current General Counsel Håkan Broman, who has assumed the position of acting President and CEO of NCC since October 30.
Leadership change at NCC
The Board of Directors of NCC has decided to replace the Group’s CEO in order to increase focus on the construction and civil engineering operations. Recruitment of a new CEO will commence immediately. Håkan Broman, who has served as General Counsel at NCC for many years, will assume the position of acting CEO as of October 30 until such time as a new CEO is in place.
Interim report January 1 – September 30, 2017
Lower sales and earnings for NCC in the third quarter