Estonia's Nordecon Q3 revenue rises 62% on public, infrastructure projects

Nordecon AS

05/11/2026 06:22

Overview
Estonia construction group's Q3 revenue rose 62% yr/yr, driven by public and infrastructure projects
Q3 Comprehensive income attributable to shareholders and EPS were stable yr/yr as rising costs weighed on margins
Order book increased 3% yr/yr, with growth in both Buildings and Infrastructure segments

Outlook
Nordecon says Estonian construction market shows moderate recovery, with progress varying by segment
Company says market supported by national defence and infrastructure investment, residential construction remains subdued
Nordecon says focus remains on managing risks from rising input costs and market changes

Result Drivers
PUBLIC BUILDINGS - Revenue from public buildings rose about 80% yr/yr, supporting overall growth in the Buildings segment
INFRASTRUCTURE PROJECTS - Infrastructure segment revenue nearly doubled, mainly due to Rail Baltica and national road construction work
RISING INPUT COSTS - Profitability continued to be affected by higher input prices and lower average profit margins on ongoing projects

Company press release: ID:nGNE9lfkGm

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
EUR 89.18 mln
 
Q3 EPS
 
EUR 0.06
 
Q3 Net Income
 
EUR 1.79 mln
 
Q3 Basic EPS
 
EUR 0.06
 
Q3 Gross Profit
 
EUR 4.22 mln
 
Q3 Operating Income
 
EUR 2.74 mln
 

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Nov 4 - Canada's North American Construction Q3 revenue rises; tightens FY outlook

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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.)