Veidekke achieved revenues of NOK 12.3 billion in Q2, and a pre-tax profit of
NOK 670 million. The group's quarterly order intake amounted to NOK 17.9
billion, bringing the order book to NOK 55.3 billion as at 30 June 2026.
"Veidekke had a strong second quarter, with solid revenue growth, higher profits
and improved profitability. The profit margin was 5.4% for the quarter, and now
stands at 5.0% for the last 12 months. It is good to see all the business areas
contributing to the group's growth. The asphalting season had a strong start,
with increased volumes and higher revenues, and the project portfolio continues
to deliver good margins," says Group CEO Jimmy Bengtsson.
"Our order intake is very high, with several new construction projects in
Norway, including the contract to construct the Oslofjord Link, bolstering an
already robust order book. Veidekke's solid financial position was further
strengthened through positive liquidity developments throughout the first half
of the year," says Bengtsson.
Veidekke achieved revenues of NOK 12.3 billion in Q2 2026, up 9% from NOK 11.3
billion in the second quarter of 2025. With the exception of the Danish
construction operation, which delivered stable revenues year-on-year, all
Veidekke operations reported increased activity levels in Q2.
The quarterly pre-tax profit amounted to NOK 670 million, compared to NOK 538
million in Q2 2025. All the operations improved their profit performance,
primarily due to increased volumes and improved capacity utilisation. Overall,
the profit margin was 5.4%, compared to 4.7% in the second quarter of 2025.
The group's quarterly order intake was NOK 17.9 billion, compared to NOK 14.3
billion in the same quarter of 2025. At quarter-end, the order book amounted to
NOK 55.3 billion, up from NOK 49.2 billion at the same time last year. Some 55%
of the order book will be converted into revenue in the next 12 months.
The group's LTI (lost time injury) rate was 3.8 in the second quarter, compared
to 3.5 in the preceding quarter and 2.4 in Q2 2025. There was one serious injury
during the quarter. The quarterly sick leave rate was 4.7%, down from 5.3% in
the preceding quarter and 5.2% in the second quarter of last year.
Net interest-bearing assets totalled NOK 3.7 billion as at 30 June 2026,
compared to NOK 1.2 billion one year ago. Cash flow from operational activities
in the first half of the year amounted to NOK 1.7 billion, up from NOK 146
million in the first half of 2025. The statement of financial position totalled
NOK 20.0 billion as at 30 June, up from NOK 18.3 billion at the same time last
year.
Revenues totalled NOK 22.0 billion in the first half of 2026, compared to NOK
20.4 billion in 2025. All Veidekke operations reported increased activity
levels. The pre-tax profit for the first half-year amounted to NOK 697 million,
up from NOK 517 million in the same period last year. The profit improvement is
due to increased volumes and improved capacity utilisation. The profit margin
totalled 3.2% as at 30 June 2026, compared to 2.5% one year ago.
This information is subject to a disclosure duty pursuant to section 5-12 of the
Securities Trading Act.
For more information, contact:
Jimmy Bengtsson, Group CEO, +47?984 70?000
Lars Erik Lund, EVP strategy and sustainability, +47?413 31 369
Jørgen Wiese Porsmyr, CFO, +47?907 59 058
Veidekk press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028
-Pressebilder-Veidekke/)
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Veidekke is one of Scandinavia's largest contractors. In addition to undertaking
all types of building and civil engineering assignments, the group also
maintains roads and produces asphalt and aggregates. Veidekke emphasises
stakeholder involvement and local experience. Its annual turnover is
approximately NOK 43 billion, and half of its 8,000 employees own shares in the
company. Veidekke is listed on the Oslo Stock Exchange, and has posted a profit
every year since its inception in 1936.
Veidekke is listed on the Oslo Stock Exchange\, and has posted a profit\
every year since its inception in 1936.\