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Veidekke ASA ( (GB:0GF6) ) just unveiled an update.
Veidekke’s rail division, Veidekke Bane, which specialises in the renewal and maintenance of railways and tramways across Norway with annual revenues of about NOK 600 million and 180 specialist employees, has secured a significant new infrastructure assignment from state-owned rail infrastructure manager Bane NOR. Under a construction contract worth NOK 460 million excluding VAT, Veidekke will renew tracks on five sections across Eastern Norway’s Røros, Dovre, Gardermoen (Romeriksporten tunnel), Upper Main and Gjøvik lines, including replacing 46 kilometres of track, adding roughly 90,000 tonnes of ballast and installing more than 75,000 new sleepers in a May–September construction window, with the project to be booked in the company’s first-quarter 2026 order backlog. The deal strengthens Veidekke’s order book and confirms its technical capabilities in rail infrastructure, while supporting Bane NOR’s efforts to improve railway safety, punctuality and reliability for both passenger and freight transport through extensive, high-quality track renewal work.
The most recent analyst rating on (GB:0GF6) stock is a Hold with a NOK166.00 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 and civil engineering contractors, undertaking a wide range of building and infrastructure projects while also maintaining roads and producing asphalt and aggregates. The group operates across the Nordic region with an annual turnover of around NOK 41 billion, roughly 8,000 employees—about half of whom are shareholders—and a long record of profitability since its founding in 1936, supported by a focus on stakeholder involvement and local experience.
Average Trading Volume: 50,303
Current Market Cap: NOK24.1B
Learn more about 0GF6 stock on TipRanks’ Stock Analysis page.