tiprankstipranks
Company Announcements

Veidekke Wins NOK 191 Million Contract for Skram Primary School

Story Highlights
  • Veidekke secures a NOK 191 million contract to build a new primary school in Måløy.
  • The project emphasizes sustainability, enhancing Veidekke’s market position and order backlog.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Veidekke Wins NOK 191 Million Contract for Skram Primary School

The latest update is out from Veidekke ASA ( (GB:0GF6) ).

Veidekke has secured a NOK 191 million contract to construct the new Skram primary school in Måløy for Kinn municipality. The project, designed for 250 students and 30 staff, emphasizes environmental standards with a 10% reduction in greenhouse gas emissions. The school will feature a gymnasium and outdoor areas, with construction starting in summer and completion by 2027. This contract enhances Veidekke’s order backlog for the first quarter, reflecting its strong market position and commitment to sustainable building practices.

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 emphasizes stakeholder involvement and local experience, with an annual turnover of approximately NOK 41 billion. Veidekke is listed on the Oslo Stock Exchange and has maintained profitability since its inception in 1936.

YTD Price Performance: 1.24%

Average Trading Volume: 2,004

Technical Sentiment Consensus Rating: Sell

Current Market Cap: NOK19.38B

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

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App