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NCC AB (NCCb.ST)

NCCb.ST on Stockholm Stock Exchange

152.95SEK
21 Jun 2018
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Latest Key Developments (Source: Significant Developments)

NCC To Construct Office And Retail Complex In Tampere, Finland
Wednesday, 20 Jun 2018 

June 20 (Reuters) - NCC AB ::NCC TO CONSTRUCT OFFICE AND RETAIL COMPLEX IN TAMPERE, FINLAND.CUSTOMER IS SPONDA PLC AND VALUE OF PROJECT IS APPROXIMATELY SEK 260 MILLION.CONSTRUCTION PHASE WILL LAST ABOUT 1,5 YEARS AND GOAL IS TO BE READY IN SPRING 2020.ORDER WILL BE REGISTERED DURING Q2 IN BUSINESS AREA NCC BUILDING.  Full Article

NCC Wins 250 Mln Swedish Crown Contract To Build Rental Apartments In Tensta
Wednesday, 9 May 2018 

May 9 (Reuters) - NCC AB ::NCC TO BUILD 172 RENTAL APARTMENTS IN TENSTA.ORDER IS WORTH APPROXIMATELY SEK 250 MILLION.OFFICIAL GROUNDBREAKING WILL TAKE PLACE IN JUNE 2018. OCCUPANCY IS EXPECTED TO BEGIN IN 2021.PROJECT WILL BE REGISTERED DURING Q2 OF 2018 IN NCC BUILDING BUSINESS AREA.  Full Article

NCC Divests An Office Project In Norway
Monday, 7 May 2018 

May 7 (Reuters) - NCC AB ::NCC DIVESTS OFFICE PROJECT IN NORWAY.DIVESTING AN OFFICE PROJECT IN LYSAKER OUTSIDE OSLO IN NORWAY, TO ARCTIC SECURITIES.TRANSACTION HAS AN UNDERLYING PROPERTY VALUE OF APPROXIMATELY SEK 330 MILLION.NCC IS PROVIDING A RENTAL GUARANTEE OF A MAXIMUM OF 5 YEARS FOR VACANT PREMISES.  Full Article

Citycon to acquire NCC's share of Molndal Galleria
Tuesday, 24 Apr 2018 

April 24 (Reuters) - NCC AB ::CITYCON TO ACQUIRE NCC'S SHARE OF MÖLNDAL GALLERIA.SAYS CITYCON IS TO ACQUIRE NCC'S 50 PERCENT SHARE OF MÖLNDAL GALLERIA FOR A PURCHASE CONSIDERATION BASED ON A PROPERTY VALUE CORRESPONDING TO SEK 584 MILLION.SAYS SALE OF HOLDING WILL HAVE A POSITIVE IMPACT ON EARNINGS IN NCC PROPERTY DEVELOPMENT BUSINESS AREA IN Q3 OF 2018.  Full Article

Bam Groep In Joint Venture With NCC Awarded Major Swedish Tunnel Project‍​
Tuesday, 19 Dec 2017 

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 

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 

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 

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 wins order worth 550 mln SEK
Tuesday, 23 May 2017 

May 23 (Reuters) - Ncc Ab :NCC says wins assignment for new train depot in Skåne, Sweden.Says order value of approximately sek 550 million.Construction start is scheduled for autumn 2017 and NCC’s part of the assignment is expected to be registered in the fourth quarter of 2017 .The project is scheduled to be completed in summer 2019.  Full Article

NCC says Q3 op profit estimated at 503 mln SEK, impairment losses in Norway
Friday, 14 Oct 2016 

Ncc Ab : Impairment losses for projects in Norway . NCC says impairment losses totaling SEK 290 million in Q3 . Says NCC's operating profit for Q3 is estimated at SEK 503 million (720) for group . NCC Q3 net sales at SEK 13.6 billion (13.3) and orders received at SEK 12.6 billion (10.1) . NCC says inadequate project management is underlying reason for impairment losses, which largely relate to completed and delivered projects ."However, orders received and the market outlook were some of the bright spots in the quarter. Orders received for NCC increased by 25 percent in the third quarter compared with the year-earlier period," says CEO Peter Wagstrom.  Full Article

BRIEF-NCC Divests An Office Project In Norway

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