Veidekke

Earnings Release • Apr 28, 2023

Veidekke: To build public school and sports facility outside Stockholm

Veidekke: To build public school and sports facility outside Stockholm

Veidekke's subsidiary Arcona has been commissioned by Botkyrka Municipality to

build a new school and sports facility in Hallunda outside Stockholm. The design

and build contract comprises a total area of 13,500 square meters and is valued

at approx. SEK 533 million. Work on the project will start in April 2023 and is

scheduled for completion in summer 2025.

The new Eleonoraskolan will cater for a total of 915 pre-school to ninth grade

students, and will consist of two independent buildings connected by a canopy. A

separate sports facility will house school and club sports activities and a

youth club. Also included are technical buildings. Before construction of the

new school can commence, a 1970s school currently located at the site will be

demolished, with the exception of two active emergency shelters.

"We are excited to finally start construction of this project, which is part of

a major school initiative in the Hallunda-Norsborg district by Botkyrka

Municipality. We think the school will provide an amazing study and working

environment and contribute to the positive development of the entire district,

says Robin Andersson, project manager for Eleonoraskolan in Botkyrka

Municipality.

"We are very pleased that Botkyrka Municipality has entrusted us with the

construction of a new school for our children and youth. We can't wait to start

creating a good environment for students as well as sports clubs and other

associations," says Niklas Widell in Arcona.

The contract is included in the Q2 2023 order book.

For more information, contact:

Niklas Widell, Arcona, +46 08-60 12 182

Veidekke press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028

-Pressebilder-Veidekke/)

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Veidekke is one of Scandinavia's largest contractors. In addition to undertaking

all types of building and civil engineering assignments, the group also

maintains roads and produces asphalt and aggregates. Veidekke emphasises

stakeholder involvement and local experience. Its annual turnover is

approximately NOK 39 billion, and half of its 8,000 employees own shares in the

company. Veidekke is listed on the Oslo Stock Exchange, and has posted a profit

every year since its inception in 1936.