Releases - NCC

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NCC facilitates establishment of Bauhaus in Linköping

2/7/2012 2:00 AM EST
NCC Property Development is selling 40,000 square meters of land at Linköping’s new retail center, Tornby Handelsgårdar, to the building-materials chain, Bauhaus. During 2012, the chain will establish a new megastore in the retail center. The transaction will be implemented as a sale of a company, with the underlying property value amounting to nearly SEK 80 M, and will generate a positive impact on earnings during...

NCC signs Credit Facility of EUR 325 million

2/1/2012 8:30 AM EST
NCC Treasury AB has today signed a new €325,000,000 five year Multicurrency Revolving Credit Facility.
The Facility which is guaranteed by NCC AB (publ) will be used for general corporate purposes including a backstop for NCCs Commercial Paper Program. The transaction replaces an existing €275,000,000 Multicurrency Revolving Credit Facility dated 11th January 2008.

The Facility was provided with equal shares...

Year-end report 2011

2/1/2012 7:00 AM EST
January 1 – December 31, 2011

· Orders received SEK 57,867 M (54,942)
· Net sales SEK 52,535 M (49,420)
· Profit after financial items SEK 1,808 M (2,008)
· Profit after tax for the period SEK 1,312 M (1,527)
· Earnings per share SEK 12.08 (14.05)
· The Board of Directors proposes a dividend for 2011 of SEK 10.00 (10.00) per share

October 1 – December 31, 2011        

· Orders received SEK 14,932 M...

NCC reports strong earnings from housingdevelopment business in fourth quarter o...

1/25/2012 2:00 AM EST
Operating profit for NCC Housing, one of NCC’s business areas, totaled preliminary SEK 550 M (83) in the fourth quarter of 2011, which was significantly higher than expected.*
Since 2010, NCC has been reporting earnings pursuant to IFRIC 15, which entails, among other, that profit from the sales of housing units will not be recognized until the housing unit has been completed and handed over to the customer. In...

NCC acquires its current head office in Solna

12/7/2011 8:00 AM EST
NCC is acquiring the properties Startboxen 1 and Sadelplatsen 2 in the City of Solna for a purchase consideration of SEK 415 million. The seller is Morgan Stanley P2 Value fund and takeover will occur on December 7, 2011. Startboxen 1 comprises 23,500 square meters of office space and the parking garage Sadelplatsen 2 consists of 750 parking spaces.
The transaction will be implemented as an acquisition of the...

New head of NCC Construction Finland

11/28/2011 2:00 AM EST
Harri Savolainen has been appointed new Business Area President of NCC Construction Finland, effective February 1, 2012. He will also be a member of Group Management and will report to President and Chief Executive Officer Peter Wågström. The current President of NCC Construction Finland, Timo U. Korhonen, will be retiring.
The forthcoming Business Area President, Harri Savolainen, is aged 40 and is currently...

NCC’s acquisition of Destia’s asphalt operations approved by the Finnish Competi...

11/24/2011 10:00 AM EST
Today, the Finnish Competition Authority approved NCC’s acquisition of Destia’s asphalt operations without reservation.
In March 2011, NCC signed an agreement to acquire the asphalt and paving operations of the Finnish company Destia. Subsequently, the agreement became subject to review by the Finnish Competition Authority, which announced in early August that it opposed the merger and requested that the matter...

NCC to build housing in Finland for SEK 460 million

11/18/2011 3:45 AM EST
NCC Construction Finland has been commissioned to construct a total of 263 housing units at Jätkäsaari in Helsinki. The client is the City of Helsinki Residential Production Department (ATT). The order is valued at approximately SEK 460 million and will be registered in the fourth quarter of 2011.
Of the 263 housing units, 177 will be rental units and 86 will be so-called Hitas units, which are price-controlled...

NCC enters into new agreement to acquire Destia’s asphalt operation

11/10/2011 7:00 AM EST
Last week, the Finnish Market Court approved NCC’s acquisition of Destia’s asphalt operation subject to certain conditions. NCC has now analyzed the conditions and choose not to complete the agreement by March 2011 but instead use a new agreement with Destia, since it had become clear that the Market Court’s conditions were partly not under NCC’s control. The new agreement will be examined by the Finnish Competition...
The Vang Tunnel
 

NCC to construct road and tunnel in Norway for SEK 440 million

11/8/2011 7:00 AM EST
NCC Construction Norway has been commissioned to build a road tunnel stretching approximately 2.5 kilometers in the Hordaland region, located southeast of Bergen in Norway. The assignment also includes the construction of 3.6 kilometers of road, a footpath and bicycle path, bridges and water, sewer, electricity and phone systems. The order is valued at approximately SEK 440 million and will be registered in the...

NCC

NCC is one of the leading construction and property development companies in the Nordic region. The Group had sales of SEK 49 billion in 2010, with approximately 17,000 employees.

NCC develops and builds residential and c...

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Magnus Jonsson
  • Magnus Jonsson
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