Netel Wins SEK 30 Million Stockholm Infrastructure Contract in Hjorthagen

Netel Holding AB ( (SE:NETEL) ) has shared an update.

Netel Holding AB has secured a SEK 30 million civil engineering contract from the City of Stockholm for construction work in the Gasklocka 3 and 4 neighborhood in Hjorthagen, part of the redevelopment of the former gasworks area into a mixed-use district. The deal marks Netel’s first assignment with the municipality, underscoring its strategy to expand through new customers and strengthening its position in urban infrastructure projects tied to large-scale housing and workplace development in the capital.

The broader Hjorthagen project envisions around 12,000 homes and 35,000 workplaces, and Netel’s scope includes work for a residential building that will reach 110 meters above sea level. By entering this high-profile urban renewal initiative, Netel reinforces its role as a key player in critical infrastructure delivery, potentially deepening its footprint in Sweden’s public-sector market and enhancing long-term growth prospects in city development assignments.

The most recent analyst rating on (SE:NETEL) stock is a Sell with a SEK3.50 price target. To see the full list of analyst forecasts on Netel Holding AB stock, see the SE:NETEL Stock Forecast page.

More about Netel Holding AB

Netel Holding AB is a Stockholm-listed infrastructure services company with more than 25 years of experience in infraservices, power and telecom. The group covers the full value chain from design and construction to maintenance of critical infrastructure, generated net sales of SEK 2,915 million in 2025, and employs about 800 people across its operations.

Average Trading Volume: 115,729

Technical Sentiment Signal: Sell

Current Market Cap: SEK183.1M

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