Veidekke Expands Road Maintenance Contracts in Norway

The latest update is out from Veidekke ASA ( (GB:0GF6) ).

Veidekke ASA has secured three new contracts for the operation and maintenance of national and county roads, with options to extend four existing contracts, totaling a value of 1.950 billion kroner. This expansion increases Veidekke’s responsibility to approximately 13,000 kilometers of roads, enhancing its market position in road maintenance and ensuring safe driving conditions across Norway. The contracts, which include routine operational tasks and minor maintenance, reflect the company’s commitment to providing reliable infrastructure services, with significant financial implications as 950 million kroner is added to its order reserve in the first quarter and one billion in the second quarter of 2025.

The most recent analyst rating on (GB:0GF6) stock is a Hold with a NOK115.00 price target. To see the full list of analyst forecasts on Veidekke ASA stock, see the GB:0GF6 Stock Forecast page.

More about Veidekke ASA

Veidekke is one of Scandinavia’s largest contractors, specializing in construction and civil engineering projects, road maintenance, and the production of asphalt, crushed stone, and gravel. Known for its involvement and local expertise, the company has a turnover of approximately NOK 41 billion, with half of its 8,000 employees owning shares. Veidekke is listed on the Oslo Stock Exchange and has maintained profitability since its founding in 1936.

YTD Price Performance: 17.10%

Average Trading Volume: 88,797

Current Market Cap: NOK21.22B

For a thorough assessment of 0GF6 stock, go to TipRanks’ Stock Analysis page.