Norway's Veidekke Q4 revenue slightly beats estimates on Euromining acquisition

Veidekke ASA

12/02/2026 06:11

Overview

Scandinavian contractor's Q4 revenue slightly beat analyst expectations, reaching NOK 12.1 bln

Pre-tax profit for Q4 was NOK 820 mln, up from NOK 558 mln in Q4 2024

Order book at year-end was NOK 47.3 bln, indicating stable future work

Outlook

Veidekke targets long-term profit margin above 5% by 2030

Company aims for annual revenue growth 2.5% above market growth

Veidekke plans to halve CO2 emissions by 2030

Result Drivers

INFRASTRUCTURE SWEDEN - Significant revenue growth in Infrastructure Sweden, aided by a non-recurring NOK 65 mln benefit from Euromining acquisition

NORWEGIAN OPERATIONS - Stable revenues with improved project profitability and capacity utilisation in Norway

HIGHER ACTIVITY LEVELS - Increased activity levels and better capacity utilisation improved profits across most operations

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
NOK 12.10 bln
NOK 12.08 bln (3 Analysts)
Q4 Orders
NOK 10.10 bln
Q4 Pretax Profit
NOK 820 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy."

Wall Street's median 12-month price target for Veidekke ASA is NOK181.00, about 0.9% above its February 11 closing price of NOK179.40

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nWkr8rHtPl

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)