Veidekke ASA

VEI

Equity

ISIN NO0005806802 / Valor 599106

Oslo Stock Exchange (2025-11-21)

NOK 167.80+0.48%

Veidekke ASA
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Veidekke ASA is a prominent construction and civil engineering company based in Norway, known for its significant contributions to infrastructure development across the region. The company specializes in a wide range of construction services, including but not limited to, civil engineering projects, building and upgrading treatment plants, and producing and laying asphalt for major roadway projects. Notably, Veidekke has been involved in high-profile projects such as the UDK02 railway project in Drammen, which achieved an exceptional sustainability certification, and the expansion and upgrade of the Alvim treatment plant in Sarpsborg under a design and build contract valued at NOK 253 million. Additionally, the company has secured a contract worth approximately NOK 200 million with Eiffage Norway for the production and laying of around 170,000 tonnes of asphalt on the new E18 motorway between Langangen and Rugtvedt in Telemark, underscoring its expertise and capacity in handling large-scale infrastructure projects.

Summarized from source with an LLMView SourceSector: Industrials

Quarterly Revenues

In Q4 2024, Veidekke ASA achieved revenues of NOK 11.5 billion, a decrease from NOK 12.1 billion in Q4 2023. The reduction is primarily attributed to lower activity levels in the Norwegian and Swedish construction operations.

Pre-Tax Profit

The pre-tax profit for Q4 2024 was NOK 558 million, down from NOK 603 million in the fourth quarter of 2023. The profit margin remained relatively stable at 4.9%, slightly below the 5.0% recorded in Q4 2023.

Order Intake and Order Book

Veidekke ASA reported a quarterly order intake of NOK 10.5 billion in Q4 2024, up from NOK 10.2 billion the previous year. By year-end, the order book stood at NOK 41.0 billion, an increase from NOK 40.4 billion at the end of 2023, with approximately 60% expected to convert into revenue in 2025.

Annual Performance

For the full year 2024, Veidekke ASA generated total revenues of NOK 41.4 billion, down from NOK 43.1 billion in 2023. However, the group's total pre-tax profit rose by 17% to NOK 1,683 million from NOK 1,444 million in the previous year, with the profit margin increasing to 4.1% from 3.3% in 2023.

Financial Position

As of December 31, 2024, the company's net interest-bearing assets were NOK 2.6 billion, down from NOK 2.8 billion a year earlier. Cash flow from operational activities decreased to NOK 2.2 billion in 2024 from NOK 2.9 billion in 2023. The statement of financial position totaled NOK 18.8 billion, up from NOK 18.2 billion the previous year.

Health and Safety

Veidekke ASA improved its safety performance in Q4 2024, with a lost time injury (LTI) rate of 2.2, down from 2.4 in the preceding quarter and significantly lower than 6.6 in Q4 2023. The quarterly sick leave rate was recorded at 5.8%, compared to 4.7% in the preceding quarter and 6.0% in Q4 2023.

Summarized from source with an LLMView Source

Key figures

25.4%1Y

87.3%3Y

29.3%5Y

Performance

18.9%1Y

21.2%3Y

23.5%5Y

Volatility