NCC Holds Stable in Seasonally Weak Quarter as Orders and Dividends Support Outlook

NCC AB ( ($SE:NCC.B) ) has shared an announcement.

NCC reported a seasonally weak but broadly stable first quarter of 2026, with orders received rising to SEK 14.8 billion while net sales declined and operating loss widened slightly, reflecting a colder-than-usual winter and normal seasonal patterns. Contracting operations delivered stable earnings with improved margins across Building Sweden, Building Nordics and Infrastructure, while the Industry division was hit by weather-driven seasonality, the Green Industry Transformation unit continued to convert collaboration agreements into construction contracts, property development remained subdued amid low commercial market activity and the board proposed maintaining the regular dividend plus an extra payout, signalling confidence in demand and the company’s order-backed outlook despite macro and energy-price uncertainty.

NCC highlighted strong demand in its prioritized segments, including water treatment projects and green industrial investments, and noted a high level of early-phase collaboration work that is gradually moving into the construction stage. Management said the financial impact of geopolitical tensions and volatile energy prices has so far been limited and emphasized that the robust order backlog and rising orders in both contracting and industry provide a solid foundation for improved performance over the rest of the year.

The most recent analyst rating on ($SE:NCC.B) stock is a Buy with a SEK195.00 price target. To see the full list of analyst forecasts on NCC AB stock, see the SE:NCC.B Stock Forecast page.

More about NCC AB

NCC AB is a Nordic construction and civil engineering group active in building, infrastructure and industrial operations, including stone materials and asphalt. The company focuses on collaboration-based contracting and prioritized segments such as water treatment, green industrial projects and public-sector facilities, while also operating a smaller property development arm in a weak commercial real estate market.

Average Trading Volume: 206,446

Technical Sentiment Signal: Strong Buy

Current Market Cap: SEK19.16B

See more data about NCC.B stock on TipRanks’ Stock Analysis page.