Veidekke: Q3 2026 results

Veidekke achieved revenue of NOK 11.8 billion in the third quarter, and a pre -tax profit of NOK 904 million. The quarterly order intake totalled NOK 8.3 billion and brought the group's order book to NOK 52.6 billion at quarter-end.

"Veidekke has had a strong third quarter, with both revenue and profit up year -on-year. Activity levels are high, capacity utilisation is good and margins are robust across the project portfolio. The profit improvement in the quarter was particularly strong in Norway, in both the construction and infrastructure operations," says Group CEO Jimmy Bengtsson.

"Thanks to a robust order intake of NOK 8.3 billion in the quarter, the order book remains at a high level. Orders due to be executed in the next 12 months are 14 percent higher than a year ago, providing a solid starting point for future activity," says Bengtsson.

Veidekke's quarterly revenue totalled NOK 11.8 billion, up 11 percent from NOK 10.7 billion in Q3 2025. Activity levels were up across all of Veidekke's operations in the third quarter.

The third-quarter pre-tax profit amounted to NOK 904 million, up from NOK 721 million in Q3 2025. The profit improvement was mainly driven by increased activity levels and better capacity utilisation, particularly in the Norwegian operations. The PTP margin improved to 7.7 percent, up from 6.8 percent in Q3 2025.

The group's quarterly order intake was NOK 8.3 billion, compared to NOK 7.2 billion in the same period last year. At quarter-end, the order book amounted to NOK 52.6 billion, compared to NOK 47.5 billion at the same time last year. Some 59 percent of the order book will be converted into revenue in the next 12 months.

The group's LTI rate (lost-time injuries per million hours worked) was 3.7 in the third quarter, on par with the preceding quarter and down from 5.0 in Q3 2025. No serious injuries occurred during the quarter. The quarterly sick leave rate was 4.2 percent, down from 4.7 percent in the preceding quarter and from the same quarter last year.

The net interest-bearing position totalled NOK 4.9 billion as at 30 September 2026, compared to NOK 2.7 billion one year ago. Cash flow from operational activities in the first three quarters of the year amounted to NOK 3.4 billion, up from NOK 1.8 billion in the corresponding period in 2025. Total assets were NOK 21.4 billion as at 30 September, up from NOK 19.0 billion at the same time last year. The increase in total assets is primarily attributable to increased activity levels.

This information is subject to a disclosure duty pursuant to section 5-12 of the Securities Trading Act.

For more information, contact: Jimmy Bengtsson, Group CEO, +47?984 70?000 Lars Erik Lund, EVP strategy and sustainability, +47?413 31 369 Jørgen Wiese Porsmyr, CFO, +47?907 59 058

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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. Its annual revenue is approximately NOK 43 billion, and half of its 8,000 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.