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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  NCC AB (publ)    NCC B   SE0000117970

NCC AB (PUBL)

(NCC B)
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NCC : Eysturoy tunnel built by NCC opened in Faroe Islands

12/19/2020 | 10:46am EST

The Eysturoy tunnel, constructed by NCC for the customer P/E Eystur- og Sandoyartunlar (EST), was formally opened on Saturday. The 11.2 km subsea tunnel represents a significant infrastructure investment, which will reduce travel time to the capital city of Tórshavn from many places in the Faroe Islands.

[image] 
Photo: Estunlar.fo

 "NCC congratulates all the people of the Faroe Islands and the company EST on the opening of the tunnel. As the main contractor, we are delighted to deliver, according to schedule, the first of two tunnels that will make life easier for the inhabitants of Faroe Islands," says Per Jonsson, head of division Civil Engineering Norway at NCC Infrastructure.

Tunnel construction began in January 2017, with breakthrough achieved on June 7, 2019. At its deepest point, the tunnel is 187 meters below sea level and includes the Atlantic's first and only subsea roundabout. With the entire tunnel opened for traffic, the Faroese capital of Tórshavn is now connected to both sides of Skálafjørður fjord.

"The opening of the tunnel is very important since it helps to bring Faroese society, businesses and people closer together," says Teitur Samuelsen, CEO of the developer P/E Eystur- og Sandoyartunlar (EST). "Construction of the Eysturoy tunnel has gone very well, and I would like to thank NCC and its employees for an excellent job."

Largest infrastructure investment
NCC is in full swing with the second phase of the Faroe Islands contract, construction of the 10.8 km Sandoy tunnel, which will go from Gamlarætt on Streymoy to Traðardalur on Sandoy. This tunnel is scheduled to be ready in 2023.

Both tunnels will contribute to safer roads and reduced journey times to Tórshavn from many places in the Faroe Islands, and make an important contribution to bringing communities, businesses and people closer together. Construction of the two tunnels is also the largest infrastructure investment ever made in the Faroe Islands.

Read more about NCC's subsea tunnel construction in the Faroe Islands
https://www.ncc.com/our-projects/road-tunnels-faroe-islands/ or join us on the first ride https://www.youtube.com/watch?v=T1asb6UorUs&t=24s (https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DT1asb6UorUs%26t%3D24s&data=04%7C01%7C%7Cf92d228f1d674ae464fe08d8a35ae9e1%7Cd04499d528574e2891776e949859db83%7C0%7C0%7C637438958166225834%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=5El5sZ4x6%2FGJ7BG7EPkZK4ng6%2B9iiwW0vCNBcbLc%2B74%3D&reserved=0)

For additional information, please contact:
Anna Rasin, acting Head of Group Media Relations, NCC, +46 72 242 70 97
NCC's media line: +46 8 585 519 00, E-mail: press@ncc.se, NCC's Mediabank (https://www.ncc.group/media/images-and-films/)

About NCC. NCC is one of the leading construction companies in the Nordics. Based on its expertise in managing complex construction processes, NCC contributes to the positive impact of construction for its customers and society. Operations include commercial property development, building and infrastructure project contracting, and asphalt and stone materials production. In 2019, NCC had sales of SEK 58 bn and 15,500 employees. The NCC shares are listed on Nasdaq Stockholm.

https://news.cision.com/ncc/r/eysturoy-tunnel-built-by-ncc-opened-in-faroe-islands,c3258365

https://mb.cision.com/Main/197/3258365/1352259.pdf

https://news.cision.com/ncc/i/rondell-2-estunlar-fo,c2863344

https://news.cision.com/ncc/i/eysturoytunnelen-estunlar-fo,c2863345

https://news.cision.com/ncc/i/rondell-estunlar-fo,c2863346

https://news.cision.com/ncc/i/atlantens-forsta-rondell-under-havsniva,c2863405

https://news.cision.com/ncc/i/fv--den-faroiska-finans--och-transportministern-jorgen-niclassen-klipper-bandet-och-oppnar-eysturoy-,c2863406

(c) 2020 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2020 56 596 M 6 828 M 6 828 M
Net income 2020 1 418 M 171 M 171 M
Net Debt 2020 4 141 M 500 M 500 M
P/E ratio 2020 12,0x
Yield 2020 4,15%
Capitalization 16 870 M 2 035 M 2 035 M
EV / Sales 2020 0,37x
EV / Sales 2021 0,35x
Nbr of Employees 14 768
Free-Float 79,1%
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Last Close Price 156,70 SEK
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Tomas Carlsson President & Chief Executive Officer
Alf Göran Göransson Chairman
Susanne Lithander Chief Financial Officer
Christina Claeson-Jonsson Head-Research & Development
Karl-Gunnar Sivertsson Director
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