tiprankstipranks
Advertisement
Advertisement

NCC Wins SEK 180 Million Road Paving Contracts in Norway

Story Highlights
  • NCC secured two SEK 180 million contracts to upgrade municipal roads in Norway.
  • The projects strengthen NCC’s Nordic infrastructure position and add near-term Industry segment revenue.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
NCC Wins SEK 180 Million Road Paving Contracts in Norway

Claim 55% Off TipRanks

An announcement from NCC AB ( ($SE:NCC.B) ) is now available.

NCC has secured two asphalt paving contracts from Innlandet County Municipality in Norway, with a combined value of approximately SEK 180 million, covering key municipal road stretches including Gudbrandalen, Valdres, Norra Østerdalen, Rendalen, Engerdal and Trysil. The projects, which involve milling, repairs, paving and preparations for new speed bumps, will run from May to mid-October 2026 and will be recognized in the first quarter of 2026 within NCC’s Industry business area, supporting the upgrade of neglected local and regional road networks and enhancing road safety and accessibility.

The contracts bolster NCC’s position in the Nordic infrastructure maintenance market by expanding its roadworks portfolio in Norway and demonstrating demand for its asphalt and road improvement capabilities. For stakeholders, the deals provide visibility on near-term revenues in the Industry segment and underscore NCC’s role in addressing critical public infrastructure needs, potentially strengthening long-term relationships with regional authorities in the Norwegian market.

The most recent analyst rating on ($SE:NCC.B) stock is a Hold with a SEK235.00 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, specializing in building and infrastructure contracting, asphalt and stone materials production, and commercial property development. The company leverages expertise in complex construction processes to serve both public and private customers, generating sales of about SEK 56 billion with a workforce of roughly 11,500 employees and a listing on Nasdaq Stockholm.

Average Trading Volume: 180,546

Technical Sentiment Signal: Buy

Current Market Cap: SEK20.41B

For a thorough assessment of NCC.B stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1