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NCC AB (NCCb.ST)

NCCb.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

NCC Q2 pretax profit, orders lag expectations
Wednesday, 18 Jul 2018 01:10am EDT 

July 18 (Reuters) - NCC AB ::NCC AB - ORDERS RECEIVED AMOUNTED TO SEK 13,834 M (16,385) IN Q2.NCC AB Q2 PROFIT AFTER FINANCIAL ITEMS TOTALED SEK 427 M (484).NCC AB - NET SALES AMOUNTED TO SEK 14,349 M (13,345) IN Q2.REUTERS POLL: NCC Q2 ORDER INTAKE SEEN AT 14.2 BILLION SEK, PRETAX PROFIT AT 576 MILLION SEK.NCC AB SAYS MARKET CONDITIONS REMAIN GENERALLY FAVORABLE.  Full Article

NCC Gets SEK 340 Mln Order To Build Student Housing In Denmark
Thursday, 5 Jul 2018 08:00am EDT 

July 5 (Reuters) - NCC AB ::NCC TO BUILD 235 STUDENT APARTMENTS FOR KONSTRUCT IN AARHUS, DENMARK.INVESTOR IS GØTEBORG ALLÉ 7 APS INVESTMENT COMPANY.ORDER VALUE IS APPROXIMATELY SEK 340 MILLION.CONSTRUCTION START IS SCHEDULED FOR SEPTEMBER 1, 2018.  Full Article

NCC To Cooperate With Liseberg On Amusement Park Extension
Tuesday, 15 May 2018 08:00am EDT 

May 15 (Reuters) - NCC AB ::NCC TO BUILD LISEBERG'S NEW WATER PARK AND HOTEL.SKÅR AB DEVELOPMENT COMPANY, HAS BUDGETED ASSIGNMENT AT APPROXIMATELY SEK 2 BILLION..PROJECT ENGINEERING WORK WILL START IN MAY.HOTEL AND WATER PARK ARE EXPECTED TO BE COMPLETED BETWEEN 2021 AND 2023.ESTIMATED TO BE REGISTERED AMONG ORDERS IN Q3 OF 2019..  Full Article

Ncc aquires Danish construction company
Thursday, 22 Feb 2018 09:30am EST 

Feb 22 (Reuters) - Ncc Ab ::NCC ACQUIRES THE CONSTRUCTION COMPANY JAKOBSEN & BLINDKILDE IN DENMARK.TAKEOVER IS EXPECTED TO OCCUR ON APRIL 1, 2018.SAYS ‍COMPANY HAS 75 EMPLOYEES AND ANNUAL SALES OF ABOUT SEK 460 MILLION.​.  Full Article

NCC announces changes in purchasing and risk management
Thursday, 22 Feb 2018 05:00am EST 

Feb 22 (Reuters) - Ncc Ab ::CHANGE IN NCC'S PURCHASING OPERATIONS AND RISK MANAGEMENT TO IMPROVE PROFITABILITY.SAYS ‍TO INCREASE FOCUS ON PURCHASING AT NCC, WITH AIM OF IMPROVING PROFITABILITY IN COMPANY, PURCHASING WILL BE PLACED IMMEDIATELY UNDER CONTROL OF HARRI SAVOLAINEN, WHO IS A MEMBER OF EXECUTIVE MANAGEMENT TEAM​.SAYS ‍IN PARALLEL, NCC'S RISK MANAGEMENT WILL BE COORDINATED IN ONE UNIT UNDER LEGAL AFFAIRS​.SAYS ‍PETER GJÖRUP, WHO IS CURRENTLY HEAD OF PURCHASING, WILL NOW TRANSITION TO A ROLE AS SENIOR ADVISOR TO CEO, WITHIN SPECIFIC AREAS​.  Full Article

Bam Groep In Joint Venture With NCC Awarded Major Swedish Tunnel Project‍​
Tuesday, 19 Dec 2017 06:28am EST 

Dec 19 (Reuters) - BAM GROEP ::IN JOINT VENTURE WITH NCC AWARDED MAJOR SWEDISH TUNNEL PROJECT‍​.THE CONTRACT VALUE IS APPROXIMATELY €385 MILLION (SEK3.8 BILLION).WAYSS & FREYTAG INGENIEURBAU HAS 40 PER CENT SHARE IN THE JOINT VENTURE‍​.CONSTRUCTION START-UP IS PLANNED FOR SPRING 2018 AND THE PROJECT IS EXPECTED TO RUN UNTIL 2026.CONTRACT TO BUILD 3.2 KM LONG KORSVÄGEN PHASE OF WEST LINK TUNNEL PROJECT IN GOTHENBURG, SWEDEN.  Full Article

NCC warns Q4 operating profit to be close to zero after provisions
Wednesday, 13 Dec 2017 01:00am EST 

Dec 13 (Reuters) - NCC AB ::NCC INCREASES PROVISIONS IN CONSTRUCTION AND CIVIL ENGINEERING PROJECTS AND REDUCES OVERHEAD COSTS.SAYS ‍NCC'S EARNINGS FOR Q4 WILL BE CHARGED WITH SEK 315 MILLION FOR INCREASED PROVISIONS IN CONSTRUCTION AND CIVIL ENGINEERING PROJECTS​.SAYS ‍ADJUSTMENT ENTAILS THAT PROJECT PORTFOLIOS IN CONSTRUCTION AND CIVIL ENGINEERING OPERATIONS WILL HAVE A LOWER AND MORE BALANCED RISK​.SAYS ‍EARNINGS WILL ALSO BE CHARGED WITH SEK 75 MILLION REGARDING RESTRUCTURING COSTS​.SAYS ‍OPERATING PROFIT FOR Q4 IS EXPECTED TO BE CLOSE TO ZERO​.SAYS ‍OVERHEAD COSTS ARE TOO HIGH AT CURRENT RATE OF GROWTH AND THESE COSTS WILL THUS BE REDUCED, RESULTING IN ANNUAL SAVINGS OF APPROXIMATELY SEK 200 MILLION​.SAYS ‍PURPOSE OF COST REDUCTION IS TO ENSURE AN OVERHEAD COST LEVEL OF A MAXIMUM OF 5 PERCENT OF SALES​.  Full Article

NCC ousts CEO Wagstrom, cites weak performance in construction and civil engineering
Monday, 30 Oct 2017 03:00am EDT 

Oct 30 (Reuters) - NCC AB :Says ‍board of directors of NCC has decided to replace group's CEO Peter Wagstrom in order to increase focus on construction and civil engineering operations​.Says ‍recruitment of a new CEO will commence immediately​.Says ‍Hakan Broman, who has served as general counsel at NCC for many years, will assume position of acting CEO as of October 30."The Board believes that NCC needs a new driving force to reverse the trend in the construction and civil engineering operations,” says Tomas Billing, Chairman of the Board of NCC.Says NCC’s construction and civil engineering operations have not performed in line with the expectations of the Board in recent years.Says Tomas Billing, the company’s Chairman of the Board for the past 16 years, will take up a half-time position at NCC to support the Executive Management Team."I am disappointed by the Board’s decision but of course I respect it. And I am naturally disappointed with NCC’s earnings performance in parts of the construction and civil engineering operations in recent years,” says Peter Wagstrom​.  Full Article

NCC Q3 pretax profit slightly below expectations, orders beat fcast​
Thursday, 26 Oct 2017 02:00am EDT 

Oct 26 (Reuters) - NCC Ab ::Q3 ‍orders received amounted to SEK 12,782 mln (12,578)​.Q3 ‍net sales amounted to SEK 13,102 mln (13,572)​.Q3 ‍profit after financial items was SEK 365 mln (471)​.Reuters poll: NCC Q3 orders seen at 12.4 billion sek, pretax at 373 million sek.Says the outlook for NCC's markets is largely favorable‍​.Says NCC's earnings for the third quarter were disappointing mainly because of the impairment of an infrastructure project in Norway and lower sales in the construction operations.  Full Article

NCC expects Q3 operating profit at around 400 million SEK
Monday, 25 Sep 2017 02:00am EDT 

Sept 25 (Reuters) - NCC :Impairment of Norwegian infrastructure project and lower sales in NCC Building's Danish and Finnish operations in third quarter of 2017.Says NCC's operating profit is expected to amount to approximately SEK 400 million ($50.1 mln)(503) for Q3.Market expectations were for Q3 operating profit of 759 million SEK, according to Thomson Reuters SmartEstimate.Says impairment relates to Bjornegard tunnel and will impact profit by SEK 150 million in Q3.Says orders received for NCC Infrastructure business area in January-August period amounted to SEK 13.9 billion (12.1).Says orders received for NCC Building business area in January-August period amounted to SEK 15.7 billion (17.7).  Full Article

BRIEF-NCC Divests An Office Project In Norway

* DIVESTING AN OFFICE PROJECT IN LYSAKER OUTSIDE OSLO IN NORWAY, TO ARCTIC SECURITIES