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NCC AB ( ($SE:NCC.B) ) has shared an update.
NCC is booking impairment charges of about SEK 1.4 billion, mainly tied to revised valuations of commercial property assets within its Property Development division and a review of tax assets in Norway, in response to a prolonged weak market for commercial real estate in Sweden and Finland. The non-cash charges, which do not affect ongoing contracting operations, cash flow or dividend capacity, will be recorded as items affecting comparability in the fourth quarter, where preliminary figures show net sales of SEK 15.9 billion and operating profit of SEK 692 million excluding these items, while strong order intake, a high level of early-phase collaboration agreements, and record earnings in the Industry division underscore management’s message that the group’s underlying performance, financial position and outlook for value creation remain solid despite the write-downs.
The most recent analyst rating on ($SE:NCC.B) stock is a Buy with a SEK241.00 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 one of the leading construction companies in the Nordic region, with operations spanning building and infrastructure contracting, asphalt and stone materials production, and commercial property development. Leveraging its expertise in complex construction processes, the company serves both private and public-sector clients across the Nordics and reported sales of SEK 62 billion in 2024 with a workforce of around 11,800 employees; its shares are listed on Nasdaq Stockholm.
Average Trading Volume: 167,217
Technical Sentiment Signal: Buy
Current Market Cap: SEK19.6B
Learn more about NCC.B stock on TipRanks’ Stock Analysis page.