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Veidekke ASA ( (GB:0GF6) ) has shared an update.
Veidekke reported a revenue of NOK 9.0 billion and a pre-tax loss of NOK 21 million for the first quarter, impacted by seasonal downturns and reduced activity in Construction Sweden and Norway. Despite a decline in profits, the company strengthened its financial position with positive cash flow and a robust order book of NOK 44.4 billion, indicating a strong foundation for future operations.
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. With a strong focus on stakeholder involvement and local experience, the company has an annual turnover of approximately NOK 43 billion and is listed on the Oslo Stock Exchange. Notably, half of its 8,000 employees own shares in the company.
Average Trading Volume: 91,498
Current Market Cap: NOK21.7B
Learn more about 0GF6 stock on TipRanks’ Stock Analysis page.