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Veidekke Secures Major E20 Road Project in Sweden

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Veidekke Secures Major E20 Road Project in Sweden

Veidekke ASA ( (GB:0GF6) ) just unveiled an announcement.

Veidekke has secured a SEK 843 million contract from the Swedish Transport Administration to rebuild a section of the E20 past Mariestad, scheduled for completion in autumn 2028. This project, part of the E20 development, aims to enhance road safety and regional growth, linking to Veidekke’s ongoing work on the Hindsberg-Muggebo section, and is expected to improve transport conditions on a major Swedish route.

More about Veidekke ASA

Veidekke is one of Scandinavia’s largest contractors, involved in building and civil engineering projects, road maintenance, and asphalt and aggregate production. The company values stakeholder involvement and local expertise, with an annual turnover of approximately NOK 43 billion. Veidekke is publicly traded on the Oslo Stock Exchange and has consistently posted profits since its founding in 1936.

YTD Price Performance: -0.40%

Average Trading Volume: 2,167

Technical Sentiment Consensus Rating: Sell

Current Market Cap: NOK18.92B

Find detailed analytics on 0GF6 stock on TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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