Estonia's Nordecon Q2 revenue rises on buildings and infrastructure segments

Nordecon AS

06/08/2026 06:19

Overview
Estonia construction contractor's Q2 revenue rose 41% yr/yr, driven by Buildings and Infrastructure segments
Gross margin declined to 4.0% in Q2 from 6.8% a year earlier due to rising input costs
Order book grew 7% yr/yr, with management forecasting higher operating volumes in 2026

Outlook
Nordecon expects business volumes to increase in 2026 based on its order book
Company says construction market is supported by national defense, infrastructure, and energy investments
Management prioritises risk mitigation, cost control, and productivity amid rising input costs

Result Drivers
SEGMENT GROWTH - Revenue growth was driven by a 21% increase in the Buildings segment and a 165% rise in the Infrastructure segment
RISING INPUT COSTS - Declining profitability was attributed to rising input prices and lower average profit margins in ongoing projects
STAFF COSTS - Staff costs grew by roughly 20% yr/yr due to a general pay rise and increased headcount

Company press release: ID:nGNE7VPPXn

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
EUR 74.91 mln
 
Q2 EPS
 
EUR 0.01
 
Q2 Net Income
 
EUR 438,000
 
Q2 Basic EPS
 
EUR 0.01
 
Q2 Gross Profit
 
EUR 2.98 mln
 
Q2 Operating Income
 
EUR 1.35 mln
 

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Aug 5 - Singapore's Koh Brothers Eco Engineering posts half-year net loss as costs surge

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)