NCC

NCC is a prominent construction and property development company operating primarily in the Nordic region. The company is involved in various segments including infrastructure, building, industry, and property development. NCC is known for its strategic focus on sustainable construction and green industry transformation, aiming to support industrial initiatives linked to the green transition. The company has a strong order backlog and is actively engaged in energy and water treatment projects, as well as public and residential building developments.

11.4k

1.37

0.71

— NCC
%
Infrastructure30% Includes construction projects in energy and water treatment sectors.
Building Nordics25% Construction projects in Denmark, Finland, and Norway.
Building Sweden20% Construction projects focused on public and residential buildings in Sweden.
Industry15% Production of asphalt and stone materials.
Property Development10% Development and sale of commercial and residential properties.

NCC serves a diverse range of customers across the Nordic region, including public sector entities, private developers,...

  • Public Sectorprimary

    Commissions infrastructure projects for public utilities and transport.

  • Private Developersprimary

    Seek residential and commercial building construction.

  • Industrial Companiessecondary

    Engage in green transformation projects with NCC.

  • Municipalitiessecondary

    Purchase asphalt and stone materials for local projects.

NCC operates predominantly in the Nordic countries, with significant activities in Sweden, Denmark, Finland, and Norway...

  • Sweden is the largest market with major infrastructure projects.
  • Denmark and Finland show strong performance in building sector.
  • Norway is experiencing operational improvements.
  • Nordic focus allows leveraging regional growth opportunities.
  • Government infrastructure initiatives drive demand in the region.

NCC's strategic priorities include enhancing operational efficiency, expanding its green industry transformation...

01
Operational Efficiencyshort-term

To improve margins and competitiveness.

02
Green Industry Transformationmedium-term

To support industrial green initiatives.

03
Order Backlog Maintenancelong-term

To ensure future revenue stability.

04
Industry Business Reviewshort-term

To explore potential divestments.

NCC faces several risks, including economic fluctuations impacting construction demand, cost inflation affecting...

high

Economic Fluctuations

Affect demand for construction projects.

Materiality
high
high

Cost Inflation

Impacts project profitability.

Materiality
high
medium

Regulatory Changes

Could affect operations in Nordic region.

Materiality
medium
medium

Seasonal Variations

Lead to earnings fluctuations.

Materiality
medium
medium

Strategic Divestments

Potential impact on business structure.

Materiality
medium
Revenue Recognition
high
Seasonal Variations
medium
Project Risk Provisions
high
Fair Value Measurements
high
Derivatives Accounting
medium

: 11/08/2026