Veidekke Logo

Veidekke

ISIN: NO0005806802 | Ticker: VEI | LEI: 5967007LIEEXZXHF4O96
Sector: IndustrialsSub-Industry: Construction & Engineering
Country: Norway

About Veidekke

Company Description

Veidekke is the largest Norwegian construction and civil engineering company and the fourth largest in Scandinavia.

It began with road construction in Norway in 1936. Today we build roads, tunnels, bridges and houses throughout Scandinavia. We are the contractor that puts people first.

Veidekke was founded as a cobblestone cutting and laying company in Østfold County, Norway, in 1936. The business gradually expanded and took on road improvement projects in other municipalities and counties in eastern Norway.

Year founded

1936

Served area

Scandinavia

Headquarters

Skabos vei 4, 0278 Oslo – Norway

Financial statements

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Line item in (nok) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 17,541,000,000.00 17,315,000,000.00 17,644,000,000.00
Noncurrent Assets N/A 6,452,000,000.00 6,323,000,000.00 6,901,000,000.00
Land And Buildings N/A 739,000,000.00 689,000,000.00 740,000,000.00
Machinery N/A 1,640,000,000.00 1,599,000,000.00 1,724,000,000.00
Other Property Plant And Equipment N/A N/A 600,000,000.00 626,000,000.00
Goodwill N/A 1,824,000,000.00 1,758,000,000.00 2,016,000,000.00
Intangible Assets Other Than Goodwill N/A 130,000,000.00 150,000,000.00 137,000,000.00
Investment Accounted For Using Equity Method N/A N/A 150,000,000.00 278,000,000.00
Investments In Joint Ventures N/A 197,000,000.00 150,000,000.00 N/A
Other Noncurrent Financial Assets N/A 571,000,000.00 479,000,000.00 524,000,000.00
Current Assets N/A 11,089,000,000.00 10,992,000,000.00 10,743,000,000.00
Inventories N/A N/A 590,000,000.00 639,000,000.00
Other Current Receivables N/A 286,000,000.00 460,000,000.00 286,000,000.00
Current Financial Assets At Fair Value Through Profit Or Loss Mandatorily Measured At Fair Value N/A 540,000,000.00 539,000,000.00 523,000,000.00
Cash and cash equivalents 241,000,000.00 3,219,000,000.00 3,814,000,000.00 2,714,000,000.00
Other Cash And Cash Equivalents 76,000,000.00 0.00 N/A N/A
Equity And Liabilities N/A 17,541,000,000.00 17,315,000,000.00 17,644,000,000.00
Equity 3,949,000,000.00 2,877,000,000.00 2,865,000,000.00 2,995,000,000.00
Issued Capital N/A 67,000,000.00 67,000,000.00 67,000,000.00
Other Equity Interest N/A 2,785,000,000.00 2,781,000,000.00 2,906,000,000.00
Noncontrolling Interests N/A 25,000,000.00 17,000,000.00 22,000,000.00
Noncurrent Liabilities N/A 3,031,000,000.00 3,297,000,000.00 2,313,000,000.00
Deferred Tax Liabilities N/A 601,000,000.00 581,000,000.00 N/A
Other Noncurrent Financial Liabilities N/A N/A 1,358,000,000.00 687,000,000.00
Noncurrent Recognised Liabilities Defined Benefit Plan N/A 535,000,000.00 596,000,000.00 565,000,000.00
Other Noncurrent Liabilities N/A 1,097,000,000.00 1,358,000,000.00 N/A
Noncurrent Portion Of Noncurrent Bonds Issued N/A N/A 600,000,000.00 193,000,000.00
Noncurrent Portion Of Other Noncurrent Borrowings N/A N/A 162,000,000.00 194,000,000.00
Current Liabilities N/A 11,633,000,000.00 11,153,000,000.00 12,336,000,000.00
Trade And Other Current Payables To Trade Suppliers N/A N/A 5,748,000,000.00 6,093,000,000.00
Current Contract Liabilities N/A N/A 1,936,000,000.00 1,984,000,000.00
Current Tax Liabilities Current N/A 64,000,000.00 206,000,000.00 161,000,000.00
Other Current Nonfinancial Liabilities N/A 1,477,000,000.00 1,374,000,000.00 N/A
Line item in (nok) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 38,140,000,000.00 37,592,000,000.00 38,658,000,000.00
Raw Materials And Consumables Used 5,505,000,000.00 5,582,000,000.00 5,814,000,000.00
Employee Benefits Expense 7,263,000,000.00 7,209,000,000.00 7,312,000,000.00
Depreciation Amortisation And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 910,000,000.00 919,000,000.00 938,000,000.00
Other Expense By Nature N/A 3,834,000,000.00 4,506,000,000.00
Profit Loss From Operating Activities 1,213,000,000.00 1,364,000,000.00 1,508,000,000.00
Finance Income 80,000,000.00 70,000,000.00 45,000,000.00
Finance Costs 91,000,000.00 92,000,000.00 87,000,000.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method 4,000,000.00 2,000,000.00 37,000,000.00
Profit Loss Before Tax 1,202,000,000.00 1,342,000,000.00 1,467,000,000.00
Income Tax Expense Continuing Operations 279,000,000.00 313,000,000.00 308,000,000.00
Profit Loss From Continuing Operations 922,000,000.00 1,029,000,000.00 N/A
Profit Loss From Discontinued Operations 1,266,000,000.00 0.00 N/A
Profit (loss) 2,189,000,000.00 1,029,000,000.00 1,159,000,000.00
Profit Loss Attributable To Owners Of Parent 2,108,000,000.00 958,000,000.00 1,092,000,000.00
Profit Loss Attributable To Noncontrolling Interests 81,000,000.00 71,000,000.00 67,000,000.00
Line item in (nok) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A 2,189,000,000.00 1,029,000,000.00 1,159,000,000.00
Adjustments For Depreciation And Amortisation Expense N/A 613,000,000.00 584,000,000.00 N/A
Adjustments For Sharebased Payments N/A 4,000,000.00 -38,000,000.00 -31,000,000.00
Other Adjustments For Noncash Items N/A 107,000,000.00 43,000,000.00 -57,000,000.00
Adjustments For Losses Gains On Disposal Of Noncurrent Assets N/A -34,000,000.00 -118,000,000.00 N/A
Cash Flows From Used In Operations N/A 2,309,000,000.00 2,046,000,000.00 N/A
Income Taxes Paid Refund Classified As Operating Activities N/A -81,000,000.00 -128,000,000.00 N/A
Cash Flows From Used In Operating Activities N/A 2,270,000,000.00 2,194,000,000.00 1,409,000,000.00
Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 6,968,000,000.00 135,000,000.00 3,000,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 89,000,000.00 75,000,000.00 299,000,000.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities N/A 136,000,000.00 278,000,000.00 356,000,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 819,000,000.00 751,000,000.00 785,000,000.00
Interest Received Classified As Investing Activities N/A 15,000,000.00 24,000,000.00 8,000,000.00
Other Inflows Outflows Of Cash Classified As Investing Activities N/A -7,000,000.00 108,000,000.00 16,000,000.00
Cash Flows From Used In Investing Activities N/A 5,664,000,000.00 -282,000,000.00 -701,000,000.00
Payments To Acquire Or Redeem Entitys Shares N/A N/A 0.00 5,000,000.00
Proceeds From Borrowings Classified As Financing Activities N/A 64,000,000.00 0.00 N/A
Payments Of Lease Liabilities Classified As Financing Activities N/A 302,000,000.00 330,000,000.00 343,000,000.00
Interest Paid Classified As Financing Activities N/A 85,000,000.00 52,000,000.00 N/A
Cash Flows From Used In Financing Activities N/A -5,039,000,000.00 -1,314,000,000.00 -1,808,000,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A 2,895,000,000.00 598,000,000.00 -1,100,000,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A 7,000,000.00 -3,000,000.00 0.00
Cash and cash equivalents 241,000,000.00 3,219,000,000.00 3,814,000,000.00 2,714,000,000.00

Please note that some sums might not add up.

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Capital markets information

ISIN

NO0005806802

LEI

5967007LIEEXZXHF4O96

Sector

Industrials

Industry Group

Capital Goods

Industry

Construction & Engineering

Sub-Industry

Construction & Engineering

Listed Stock Exchange

Oslo Børs

Main Stock Exchange

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