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NCC AB ( ($SE:NCC.B) ) has provided an announcement.
NCC has taken over the construction of the Floravägen retirement home in Fagersta after the previous contractor, Serneke, declared bankruptcy. The project, valued at approximately SEK 160 million, includes 100 residential suites and various communal facilities. NCC’s involvement is expected to expedite the completion process, with the project scheduled to finish by autumn 2026. This development strengthens NCC’s position in the Nordic construction industry and demonstrates its capability to manage complex projects efficiently, benefiting stakeholders and the local community.
The most recent analyst rating on ($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 is one of the leading construction companies in the Nordics, specializing in complex construction processes, building and infrastructure project contracting, asphalt and stone materials production, and commercial property development. In 2024, NCC reported sales of approximately SEK 62 billion and employed around 11,800 people. The company’s shares are listed on Nasdaq Stockholm.
Average Trading Volume: 259,410
Current Market Cap: SEK16.47B
For an in-depth examination of NCC.B stock, go to TipRanks’ Overview page.