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Veidekke lifts Q1 revenue and returns to profit on strong building activity

Story Highlights
  • Veidekke grew first-quarter 2026 revenue 7% to NOK 9.7 billion, returning to a NOK 27 million pre-tax profit driven by stronger building operations and improved performance in Sweden and Denmark.
  • The contractor ended the quarter with a NOK 48.1 billion order backlog, robust cash flow and a strengthened financial position, enabling acquisitions such as an asphalt plant in Troms despite seasonal and infrastructure headwinds.
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The latest update is out from Veidekke ASA ( (GB:0GF6) ).

Veidekke ASA reported first-quarter 2026 revenue of NOK 9.7 billion, up 7% year on year, with profit before tax improving to NOK 27 million and operating profit rising to NOK 39 million, helped by strong performance in its Norwegian building operations and improved results in Sweden and Denmark. Despite seasonal weakness and lower activity in Norwegian infrastructure, the group maintained robust momentum with an order backlog of NOK 48.1 billion, strong operating cash flow of NOK 893 million and a reinforced net interest-bearing position of NOK 4.6 billion, supporting further strategic moves such as the acquisition of an asphalt plant in Troms and underlining its solid financial footing for stakeholders.

The most recent analyst rating on (GB:0GF6) stock is a Hold with a NOK194.00 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 ASA is one of Scandinavia’s largest construction contractors, operating across building and infrastructure projects, road maintenance and the production of asphalt, crushed stone and gravel. The Oslo Børs–listed company generates around NOK 43 billion in annual revenue, is partly employee-owned with about half of its 8,000 staff holding shares and has been profitable every year since its founding in 1936.

Average Trading Volume: 88,812

Current Market Cap: NOK25.13B

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

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