Veidekke Secures Major Contract for Ålesund Apartment Project

Veidekke ASA ( (GB:0GF6) ) has issued an announcement.

Veidekke has secured a turnkey contract worth 116 million kroner to construct the Vindgårdsvingen project in Ålesund, commissioned by OBOS Nordvest Utbygging AS. The project involves building a four-story apartment complex with 43 units, designed with practical solutions for residents requiring municipal health services. Construction is set to begin in September, with completion expected in the second quarter of 2027, adding to Veidekke’s order reserve for the third quarter of 2025.

The most recent analyst rating on (GB:0GF6) stock is a Hold with a NOK125.00 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. The company is characterized by its involvement and local knowledge, with a turnover of approximately NOK 41 billion. Half of its 8,000 employees own shares, and it is listed on the Oslo Stock Exchange, maintaining profitability since its inception in 1936.

Average Trading Volume: 61,781

Current Market Cap: NOK22.89B

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