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    VEI   NO0005806802


Real-time Oslo Bors  -  10:29:56 2023-03-28 am EDT
108.00 NOK   -1.10%
03/27Veidekke : Treasury Shares
03/27Veidekke Secures NOK133 Million Swedish Residential Order
03/27Veidekke : New housing contract in Stavanger
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Veidekke: Building even more homes in Lillestr°m

02/07/2023 | 02:57am EDT
Veidekke is to build 52 eco-certified apartments in Lillestrøm for OBOS Nye Hjem
and Otto Olsen Boligutvikling. This is the second construction stage in the
project called Parsellen, and the commission is a design and build contract
valued at NOK 145 million excluding VAT.

"We really appreciate the renewed confidence shown in us and the good
partnership we will be a part of going forward. The homes are a part of the
extensive Kvarteret project, the new neighbourhood in Lillestrøm that will
consist of around 1,000 new apartments when completed. Sustainability is
something we are concerned with, so we greatly appreciate that Parsellen aims
for certification as Very Good according to the BREEAM-NOR environmental
standard," says Kaare Gilhus of Veidekke Bygg Oslo.

Parsellen will have 136 housing society apartments from one to five rooms in
size. This commission is for building the second stage in the project comprising
two buildings of five and six storeys above ground with 15 and 37 apartments
respectively. From the underground parking facility there will be a lift to all
apartments, and the area will be free of cars.

"We have been very pleased with our cooperation with Veidekke to date and look
forward to continuing to develop Kvarteret together with them. We will ensure
that Kvarteret will be an eco-friendly neighbourhood where the buildings are
certified according to the BREEAM-NOR Very Good environmental documentation.
With energy label B, the apartments will be energy efficient, and there is the
opportunity for green mortgages in the bank if you buy a home here," says EVP
for residential development Ingunn A. Randa with OBOS.

Kvarteret is situated on the southern side of Lillestrøm and has been known as
an area with small industry and residential neighbourhoods for a number of
years. This will now change, and much will be completely rebuilt. Residents here
will have walking distance to almost all services such as shops, restaurants,
cultural offerings and public transport, while Oslo Central Station and
Gardermoen Airport are only 10-14 minutes away by train.

Construction work has already started, and completion is scheduled from December
2024. More about the project here. (https://nye.obos.no/ny
The commission is included in Veidekke's order book for the first quarter of

For further information, please contact:
Head of Department Kaare Gilhus, tel. +47 45 03 01 97, kaare.gilhus@veidekke.no
Communications Manager Helge Dieset, tel. +47 90 55 33 22,
OBOS Director of Communications Thomas Skjennald, tel. +47 92 68 61 00,
Veidekke's press photos (https://urldefense.proofpoint.com/v2/url?u=https
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Veidekke (https://urldefense.proofpoint.com/v2/url?u=http
Veidekke is one of Scandinavia's largest contractors. In addition to undertaking
all types of building and civil engineering assignments, the group also
maintains roads and produces asphalt and aggregates. Veidekke emphasises
stakeholder involvement and local experience. Annual turnover is approx. NOK 38
billion, and around half of its 7,800 employees own shares in the company.
Veidekke is listed on the Oslo Stock Exchange and has posted a profit every year
since its inception in 1936.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

All news about VEIDEKKE ASA
03/27Veidekke : Treasury Shares
03/27Veidekke Secures NOK133 Million Swedish Residential Order
03/27Veidekke : New housing contract in Stavanger
03/27Veidekke Commissioned by Øgreid Eiendom as to Build the Second Stage of the Søstrene Hi..
03/27Veidekke : Annual and sustainability report 2022
03/24Veidekke Wins NOK140 Million Contract to Build Student Apartments in Norway
03/24Veidekke : To build student apartments in Gjøvik
03/22Veidekke, New housing project at Straume near Bergen
03/21Veidekke Bags NOK210 Million Construction Contract for Two Buildings in Norway
03/21Veidekke : New residential project at Straume near Bergen
More news
Sales 2022 38 571 M 3 673 M 3 673 M
Net income 2022 1 045 M 99,5 M 99,5 M
Net cash 2022 2 616 M 249 M 249 M
P/E ratio 2022 14,0x
Yield 2022 6,75%
Capitalization 14 720 M 1 402 M 1 402 M
EV / Sales 2022 0,31x
EV / Sales 2023 0,32x
Nbr of Employees 7 933
Free-Float 66,2%
Duration : Period :
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Last Close Price 109,20 NOK
Average target price 125,00 NOK
Spread / Average Target 14,5%
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Jimmy Fredrik Bengtsson Group Chief Executive Officer
J°rgen Wiese Porsmyr Chief Financial Officer
Gro Bakstad Chairman
Terje Kaasa Larsen Executive Vice President-Information Technology
Izabella Kibsgaard-Petersen Senior Vice President & Compliance Director
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