Veidekke ASA

Veidekke ASA

206.50
NOK
-2.50
(-1.20%)
12.39EPS
16.30P/E
25.74BMarket Cap
Nov 12Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
162.15
178.89
181.19
213.61
232.06
253.64
273.52
282.52
278.46
286.36
319.84
306.69
319.58
346.43
Basic EPS, GAAP
4.07
6.31
5.72
6.63
8.81
4.04
6.84
15.61
7.1
8.09
7.92
9.34
11.5
11.7
Free Cash Flow per Basic Share
10.39
9.45
1.91
8.69
-0.5
1.94
7.85
10.75
10.69
4.62
15.53
11.33
19.9
22.67
Dividend per Share
2.5
3
3.5
4
4.5
5
5
22.5
5.75
7
7.75
7.9
9
20.84
Book Value per Share
17.99
19.99
22.98
27.55
31.4
26.01
28.2
21.13
21.1
22.03
22.61
24.48
27.25
18.91
Tangible Book Value per Share
11.41
13.15
13.6
17.19
19.95
11.38
14.24
6.65
6.95
6.07
5.66
5.43
7.85
-0.36
Basic Weighted Avg Shares
134
134
134
134
134
134
134
135
135
135
135
135
135
131
Sales/Revenue/Turnover
21,680
23,918
24,225
28,560
31,026
33,912
36,569
38,140
37,592
38,658
43,146
41,403
43,143
45,441
Operating Margin (%)
2.57
3.21
3.36
2.84
2.58
0.15
1.77
3.16
3.62
3.8
3.21
3.76
4.58
4.3
Depreciation Expense
321
338
372
466
524
594
893
914
919
939
1,044
1,068
1,099
1,085
Net Income, GAAP
544
843
765
887
1,178
540
914
2,108
958
1,092
1,069
1,261
1,553
1,535
Effective Tax Rate (%)
22.7
18.58
17.58
15.57
9.19
21.54
24.4
23.21
23.32
21
20.29
19.67
20.9
20.88
Profit Margin (%)
2.51
3.52
3.16
3.11
3.8
1.59
2.5
5.53
2.55
2.82
2.48
3.05
3.6
3.38
Working Capital
-128
- -
-24
-367
-577
16
2,590
-546
-161
-1,591
-1,839
-2,309
-2,169
-3,246
LT Debt
803
823
1,267
962
612
1,848
3,687
1,304
1,396
941
970
1,001
782
109
Total Equity
2,467
2,744
3,218
3,719
4,221
4,257
3,948
2,877
2,864
2,994
3,098
3,356
3,761
2,631
Return on Invested Capital (%)
12.45
21.72
18.52
13.1
16.36
1.68
5.39
15.32
22.65
26.07
25.09
27.24
30.25
34.31
Return on Capital (%)
13.58
22.75
19.16
13.24
16.36
7.26
10.97
34.02
20.77
24.48
24.21
26.53
30.96
46.58
Return on Common Equity (%)
24.05
33.2
26.63
26.25
29.89
14.07
25.1
63.32
33.62
37.53
35.49
39.68
44.49
52.76

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
495
59
61
LT Borrowings
145
138
109
LT Finance Leases
637
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
135
135
135
Market Capitalization
24,049
25,385
25,736

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
11,150
10,714
11,757
Cash, Cash Equivalents & STI
4,042
4,555
3,609
Accounts Receivable, Net
2,775
5,494
7,485
Inventories
707
665
663
Total Current Liabilities
13,319
12,869
15,003
Payables & Accruals
- -
- -
- -
ST Debt
495
59
61
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.35%
5.59%
12.07%
Free Cash Flow
33.37%
45.4%
75.56%
Net Income, GAAP
19.29%
-0.31%
23.16%
Sales/Revenue/Turnover
6.11%
2.63%
4.2%
Total Cash Common Dividend
36.58%
-5.22%
13.98%

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,478
10,780
9,656
11,489
41,403
2025
9,036
11,327
- -
12,124
43,143
2026
9,654
12,336
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
2.7
3.4
3.2
9.34
2025
-0.2
2.9
- -
4.7
11.5
2026
0.1
3.7
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
8.04
- -
- -
7.9
2025
- -
8.92
- -
- -
9
2026
- -
11.35
- -
- -
- -

Company Description

CEO
Jimmy Fredrik Bengtsson
Full Time Employees
7,763
Sector
Industrial services
Industry
Engineering & construction
Address
Standardveien 28B Oslo PS Norway 0581
IPO Date
Jun 23, 1986
Business
Veidekke ASA is one of Scandinavia's largest construction and civil engineering companies, providing a comprehensive range of building, infrastructure, property development, asphalt production and aggregates manufacturing services. Core operations encompass construction of residential complexes, non-residential buildings including schools, healthcare facilities, cultural venues, hotels and commercial offices; civil engineering projects in road maintenance, railways, airports, power production, energy facilities, recycling plants and heavy industries; as well as asphalt-laying, waste recycling and production of construction materials, serving public and private sector clients across Norway, Sweden and Denmark. Founded in 1936 and headquartered in Oslo, Norway, the company operates through segments including Construction Norway, Infrastructure Norway, Construction Sweden, Infrastructure Sweden and Denmark, with a workforce exceeding 7,800 employees, many of whom are shareholders. Veidekke ASA recently completed the acquisition of Euromining AB, a Swedish heavy-equipment contractor focused on the mining industry in northern Sweden, for approximately SEK 500 million on a debt-free basis in August 2024, strengthening its position in the region's growing mining infrastructure sector with Euromining's 200 employees and key client relationships including LKAB. In February 2025, Veidekke entered new long-term loan agreements with DNB and Nordea, replacing prior facilities to support ongoing operations. Construction of its new sustainable head office in Oslo commenced in 2022 and remains on track for occupancy in early 2025, incorporating circular solutions across six storeys for around 600 workspaces. The company published its annual and sustainability report for 2024 in March 2025, highlighting financial and non-financial performance amid continued project wins such as a water treatment plant for Equinor Energy and a psychiatric building at the new Aker Hospital.