NCC Wins SEK 700 Million Contract for Major District Heating Expansion in Denmark

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

NCC has secured a turnkey contract worth approximately SEK 700 million from waste-to-energy company Vestforbrænding to expand the district heating network in Herlev, near Copenhagen, as part of Denmark’s largest civil engineering initiative. The project involves extensive civil engineering works and installation of roughly 46 kilometers of distribution piping to bring district heating to 1,700 households, forming one of six major contracts within the broader “Värmeplan 2030” program that will ultimately serve 39,000 homes. Scheduled to start in autumn 2026 and conclude by the end of 2030, the order will be booked in the NCC Infrastructure business area in the first quarter of 2026, strengthening NCC’s position in large-scale sustainable energy infrastructure and underlining its role in supporting the transition to lower-emission heating solutions in the Danish market.

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 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 expertise in complex construction processes, the company focuses on projects that deliver societal benefits, generating sales of about SEK 62 billion in 2024 with a workforce of roughly 11,800 employees, and is listed on Nasdaq Stockholm.

Average Trading Volume: 157,416

Technical Sentiment Signal: Buy

Current Market Cap: SEK20.3B

Find detailed analytics on NCC.B stock on TipRanks’ Stock Analysis page.