Veidekke Secures SEK 1 Billion Contract in Sweden

Veidekke ASA ( (GB:0GF6) ) just unveiled an update.

Veidekke and its Swedish subsidiary Veitech have secured a significant contract worth approximately SEK 1 billion with the Swedish Fortifications Agency for construction and installation at a defense facility in Eastern Sweden. This project, set to begin in Q2 2025 and conclude in Q1 2028, enhances Veidekke’s order book and reinforces its position in the Scandinavian construction industry, potentially benefiting stakeholders through increased business activity and revenue.

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 building and civil engineering projects, road maintenance, and the production of asphalt and aggregates. The company values stakeholder involvement and local expertise, with an annual turnover of approximately NOK 41 billion. Notably, half of its 8,000 employees own shares in the company, which is listed on the Oslo Stock Exchange and has been profitable since 1936.

Average Trading Volume: 91,672

Current Market Cap: NOK21.13B

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