Veidekke: Expecting seven percent growth in 2026 and 2027
Last year marked a turning point in the contracting markets. The recovery from an extended downturn in recent years was particularly evident in the construction sector. Overall, the Scandinavian construction market is projected to grow 7% by the end of 2027, according to the market update for 2025-2027 which Veidekke is publishing today.
After three years of decline, production in the Scandinavian construction market is expected to rise in all three countries, both this year and next. The shift is attributable to falling interest rates in Sweden, a buoyant business climate and relatively stable household finances.
"Expectations regarding increased activity are being confirmed. There were clear signs of improvement in the sector's order intake throughout the autumn, and forecasts of moderate activity growth going forward therefore appear to be spot on," says Kristoffer Eide Hoen, Head of Insight and Analysis at Veidekke.
Veidekke anticipates activity growth of 6% in 2026, with growth levelling off to 1% in 2027. In the construction segment, the market is expected to grow across Scandinavia, but more so in Sweden than in Denmark and Norway. The infrastructure segment looks set to remain consistently strong throughout the period.
The forecasts for this year and next are largely in line with Veidekke's market update from last autumn, although expectations have been increased slightly for 2026 and correspondingly reduced slightly for 2027.
The situation in the Middle East has elevated global economic uncertainty and raised energy prices, with a resulting impact on material and machinery costs in the Scandinavian market. While the initial effects cannot be compared with those seen in the spring of 2022, forecasts of project starts and construction costs will be somewhat less certain than usual for as long as the unrest continues.
The market update is available on the Veidekke website, under Investor Relations/Reports and presentations/Market updates.
For further information, please contact: Kristoffer Eide Hoen, Head of Insight and Analysis at Veidekke ASA Tel. +47 976 75 434 | Kristoffer.Eide.Hoen@veidekke.no
Veidekke press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028 -Pressebilder-Veidekke/) Subscribe to notifications from Veidekke (http://veidekke.com/no/borsmeldinger/abonner-pa-meldinger/)
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 turnover 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.