Veidekke

Quarterly Report • Oct 22, 2020

	Q1-18	Q2-18	Q3-18	Q4-18	Q1-19	Q2-19	Q3-19	Q4-19	Q1-20	Q2-20
	1. kv. 18	2. kv. 18	3. kv. 18	4. kv. 18	1. kv. 19	2. kv. 19	3. kv. 19	4. kv. 19	1. kv. 20	2. kv. 20
Alle tall i millioner NOK / All figures in NOK million
Veidekke Bygg i Norge
Driftsinntekter / Revenue	3 018	3 449	3 000	3 603	3 439	3 510	3 337	4 178	3 580	3 601
Driftskostnader / Operating expenses	-2 913	-3 327	-2 888	-3 488	-3 303	-3 361	-3 198	-4 111	-3 431	-3 432
Resultat fra felleskontrollerte selskaper / Share of net income from joint ventures	0	0	0	0	0	0	0	0	0	0
Av- og nedskrivninger / Depreciation/impairment	-17	-16	-17	-19	-35	-37	-36	-42	-42	-41
Driftsresultat (EBIT) / Operating profit (EBIT) Netto finansposter / Net financial items	88 13	106 16	95 15	96 12	101 9	112 18	102 10	25 9	107 12	128 12
Resultat før skattekostnad (EBT) / Profit before tax (EBT)	101	122	111	109	110	131	112	34	119	140
Segmentbalanse / Statement of financial position
Anleggsmidler / Non-current assets	N/A	N/A	N/A	1 091	1 362	1 626	1 443	1 345	1 302	1 271
Omløpsmidler / Current assets Likvider / Cash and cash equivalents	N/A N/A	N/A N/A	N/A N/A	1 697 3 044	2 069 2 962	2 271 2 939	2 348 2 537	1 968 3 286	2 081 3 211	1 964 3 202
Sum eiendeler / Total assets	N/A	N/A	N/A	5 832	6 394	6 835	6 328	6 600	6 594	6 437
Egenkapital / Equity	N/A	N/A	N/A	1 372	1 303	1 494	1 544	1 189	1 307	1 433
Langsiktig gjeld / Non-current liabilities	N/A	N/A	N/A	496	742	918	730	772	771	759
Kortsiktig gjeld / Current liabilities	N/A	N/A	N/A	3 965	4 349	4 423	4 054	4 639	4 516	4 245
Sum egenkapital og gjeld / Total equity and liabilities	N/A	N/A	N/A	5 832	6 394	6 835	6 328	6 600	6 594	6 437
Ordrereserve / Order book	13 458	13 653	13 896	14 223	15 799	17 109	16 705	14 762	13 999	14 762
Ordreinngang / Order intake	3 677	3 677	3 325	3 993	5 089	4 898	2 970	2 228	2 839	4 361
Veidekke Infrastruktur i Norge
Driftsinntekter / Revenue Driftskostnader / Operating expenses	1 481 -1 588	2 223 -2 607	2 701 -2 391	2 611 -2 524	1 743 -1 837	2 642 -2 383	2 710 -2 309	2 115 -1 972	1 683 -1 735	2 332 -2 122
Resultat fra felleskontrollerte selskaper / Share of net income from joint ventures	-2	2	3	5	0	5	6	6	-1	-1
Av- og nedskrivninger / Depreciation/impairment	-96	-101	-103	-104	-121	-122	-121	-119	-115	-115
Driftsresultat (EBIT) / Operating profit (EBIT)	-204	-483	211	-13	-216	141	286	29	-168	94
Netto finansposter / Net financial items Resultat før skattekostnad (EBT) / Profit before tax (EBT)	-10 -214	-13 -496	-16 195	-16 -29	-12 -228	-17 123	-27 260	-17 12	-38 -207	11 105
Segmentbalanse / Statement of financial position
Anleggsmidler / Non-current assets	N/A	N/A	N/A	2 729	2 960	3 021	2 749	2 748	2 704	2 696
Omløpsmidler / Current assets	N/A	N/A	N/A	3 141	3 349	3 934	3 855	2 390	2 375	2 910
Likvider / Cash and cash equivalents Sum eiendeler / Total assets	N/A N/A	N/A N/A	N/A N/A	5 5 875	37 6 346	57 7 012	54 6 659	39 5 177	31 5 110	29 5 636
Egenkapital / Equity	N/A	N/A	N/A	422	361	420	741	584	395	496
Langsiktig gjeld / Non-current liabilities	N/A	N/A	N/A	2 870	3 546	3 250	2 929	1 795	2 033	2 079
Kortsiktig gjeld / Current liabilities	N/A	N/A	N/A	2 582	2 439	3 342	2 988	2 799	2 682	3 061
Sum egenkapital og gjeld / Total equity and liabilities	N/A	N/A	N/A	5 874	6 346	7 012	6 659	5 177	5 110	5 636
Ordrereserve anlegg / Order book infrastructure	6 062	5 506	5 419	5 056	4 657	3 794	3 012	6 036	5 448	5 090
Ordrereserve vedlikeholdskontrakterr / Order book road maintenance contracts	1 746	2 337	2 159	1 988	1 805	2 517	2 633	2 418	2 213	3 601
Ordreinngang anlegg / Order intake infrastructure	402	119	1 047	1 055	418	491	445	4 274	577	1 030
Ordreinngang vedlikeholdskontrakter / Order intake road maintanance contracts	0	769	0	0	0	901	319	15	24	1 618
Veidekke i Sverige
Driftsinntekter / Revenue	1 968	2 511	2 290	3 086	2 409	2 762	2 417	3 215	2 596	3 339
Driftskostnader / Operating expenses	-1 924	-2 437	-2 215	-2 990	-2 341	-2 658	-2 337	-3 222	-2 528	-3 195
Resultat fra felleskontrollerte selskaper / Share of net income from joint ventures	2	6	-4	1	3	2	-2	-110	1	2
Av- og nedskrivninger / Depreciation/impairment	-20	-21	-21	-31	-38	-32	-49	-47	-46	-52
				66		75	28	-164	22	94
Driftsresultat (EBIT) / Operating profit (EBIT)	27	60	49		33
Netto finansposter / Net financial items	1	4	5	2	1	-3	7	-1	6	-2
Resultat før skattekostnad (EBT) / Profit before tax (EBT)	28	64	55	68	33	72	35	-165	28	91
Segmentbalanse / Statement of financial position
Anleggsmidler / Non-current assets	N/A	N/A	N/A	1 376	1 392	1 379	1 389	1 534	1 682	1 673
Omløpsmidler / Current assets	N/A	N/A	N/A	1 558	1 492	1 608	1 743	1 752	1 943	2 132
Likvider / Cash and cash equivalents Sum eiendeler / Total assets	N/A N/A	N/A N/A	N/A N/A	553 3 487	450 3 334	390 3 377	203 3 335	394 3 679	480 4 104	603 4 408
Egenkapital / Equity	N/A	N/A	N/A	603	597	714	756	479	667	727
Langsiktig gjeld / Non-current liabilities	N/A	N/A	N/A	436	433	456	474	623	629	587
Kortsiktig gjeld / Current liabilities	N/A	N/A	N/A	2 449	2 304	2 208	2 105	2 578	2 808	3 094
Sum egenkapital og gjeld / Total equity and liabilities	N/A	N/A	N/A	3 487	3 334	3 377	3 335	3 679	4 104	4 408
Ordrereserve / Order book	9 722	10 915	10 736	11 880	11 493	11 863	11 447	11 504	12 695	13 106
Ordreinngang / Order intake	1 612	3 793	1 855	3 608	2 425	3 121	1 839	2 930	2 565	3 623
Veidekke i Danmark / Hoffmann Driftsinntekter / Revenue	505	581	611	520	569	600	563	626	653	678
Driftskostnader / Operating expenses	-478	-539	-567	-495	-533	-560	-519	-548	-613	-630
Resultat fra felleskontrollerte selskaper / Share of net income from joint ventures	0	0	0	0	0	0	0	0	0	0
Av- og nedskrivninger / Depreciation/impairment	-2	-2	-2	-2	-6	-8	-9	-8	-8	-8
Driftsresultat (EBIT) / Operating profit (EBIT) Netto finansposter / Net financial items	25 1	40 1	42 1	23 13	30 1	32 1	36 1	69 1	31 1	40 2
Resultat før skattekostnad (EBT) / Profit before tax (EBT)	26	41	43	36	30	33	37	70	33	42
Segmentbalanse / Statement of financial position
Anleggsmidler / Non-current assets Omløpsmidler / Current assets	N/A N/A	N/A N/A	N/A N/A	232 273	262 177	255 207	257 143	256 144	282 22	260 15
Likvider / Cash and cash equivalents	N/A	N/A	N/A	822	979	852	980	991	1 457	1 364
Sum eiendeler / Total assets	N/A	N/A	N/A	1 326	1 419	1 314	1 380	1 391	1 762	1 638
Egenkapital / Equity	N/A	N/A	N/A	385	404	438	484	369	467	485
Langsiktig gjeld / Non-current liabilities	N/A	N/A	N/A	38	57	51	52	84	97	90
Kortsiktig gjeld / Current liabilities Sum egenkapital og gjeld / Total equity and liabilities	N/A N/A	N/A N/A	N/A N/A	903 1 326	957 1 419	825 1 314	844 1 380	938 1 391	1 198 1 762	1 063 1 638
Ordrereserve / Order book	1 747	3 187	2 736	2 548	2 902	2 525	2 213	1 983	2 854	2 911
Ordreinngang / Order intake	902	2 023	174	368	995	218	207	422	1 204	894
Annet / Other
Driftsinntekter / Revenue	2	0	0	3	0	0	6	0	0	21
Driftskostnader / Operating expenses	-27	-36	-21	-13	-21	-23	-26	-24	-40	-45
Resultat fra felleskontrollerte selskaper / Share of net income from joint ventures	5	5	7	9	5	6	5	8	6	5
Av- og nedskrivninger / Depreciation/impairment	-3	-3	-3	-3	-14	-14	-14	-15	-15	-14
Driftsresultat (EBIT) / Operating profit (EBIT) Netto finansposter / Net financial items	-23 -5	-34 7	-17 4	-4 2	-29 7	-31 10	-29 3	-31 2	-49 -54	-32 21
Resultat før skattekostnad (EBT) / Profit before tax (EBT)	-28	-27	-13	-2	-22	-21	-27	-29	-103	-11
Segmentbalanse / Statement of financial position
Anleggsmidler / Non-current assets Omløpsmidler / Current assets	N/A N/A	N/A N/A	N/A N/A	3 128 597	3 309 607	3 292 118	3 270 78	3 201 849	3 249 863	3 290 166
Likvider / Cash and cash equivalents	N/A	N/A	N/A	882	804	1 180	1 211	325	2 043	820
Sum eiendeler / Total assets	N/A	N/A	N/A	4 606	4 719	4 590	4 559	4 375	6 154	4 275
Egenkapital / Equity	N/A	N/A	N/A	1 860	1 843	1 142	1 122	1 829	1 833	1 865
Langsiktig gjeld / Non-current liabilities Kortsiktig gjeld / Current liabilities	N/A N/A	N/A N/A	N/A N/A	2 240 507	2 360 516	2 356 1 092	2 346 1 091	2 360 186	4 146 175	2 347 64

VIDEREFØRT VIRKSOMHET / CONTINUED OPERATIONS

	Q1-18	Q2-18	Q3-18	Q4-18	Q1-19	Q2-19	Q3-19	Q4-19	Q1-20	Q2-20
Alle tall i millioner NOK / All figures in NOK million	1. kv. 18	2. kv. 18	3. kv. 18	4. kv. 18	1. kv. 19	2. kv. 19	3. kv. 19	4. kv. 19	1. kv. 20	2. kv. 20
Eliminering / Group eliminations Driftsinntekter / Revenue	-17	-54	-59	-60	-83	-13	-80	-95	-70	-82
Driftskostnader / Operating expenses	17	54	59	58	83	13	80	90	70	85
Resultat fra felleskontrollerte selskaper / Share of net income from joint ventures	0	0	0	0	0	0	0	0	0	0
Av- og nedskrivninger / Depreciation/impairment Driftsresultat (EBIT) / Operating profit (EBIT)	0 0	0 0	0 0	0 -2	0 0	0 0	0 0	0 -5	0 0	0 3
Netto finansposter / Net financial items	0	0	0	1	-1	1	0	0	15	-10
Resultat før skattekostnad (EBT) / Profit before tax (EBT)	0	0	0	-2	0	0	0	-5	15	-7
Segmentbalanse / Statement of financial position
Anleggsmidler / Non-current assets Omløpsmidler / Current assets	N/A N/A	N/A N/A	N/A N/A	-2 639 81	-1 919 969	-2 271 190	-2 654 159	-2 542 -343	-2 713 -126	-2 741 75
Fordring eiendom HFS / Liabilities property development HFS	N/A	N/A	N/A	3 180	4 451	4 768	5 574	5 073	5 097	5 044
Likvider / Cash and cash equivalents Sum eiendeler / Total assets	N/A N/A	N/A N/A	N/A N/A	-5 153 -4 530	-5 099 -1 598	-5 292 -2 606	-4 840 -1 761	-4 794 -2 607	-6 497 -4 240	-5 917 -3 540
Egenkapital / Equity	N/A	N/A	N/A	-1 625	-959	-1 038	-1 394	-1 667	-1 771	-1 890
Langsiktig gjeld / Non-current liabilities Kortsiktig gjeld / Current liabilities	N/A N/A	N/A N/A	N/A N/A	-3 023 118	-1 495 856	-1 602 34	-415 49	-445 -496	-2 098 -371	-1 453 -196
Sum egenkapital og gjeld / Total equity and liabilities	N/A	N/A	N/A	-4 530	-1 598	-2 606	-1 761	-2 607	-4 240	-3 540
Konsern segment videreført / Group continued operations
Driftsinntekter / Revenue	6 957	8 709	8 544	9 764	8 076	9 502	8 952	10 039	8 443	9 890
Driftskostnader / Operating expenses Resultat fra felleskontrollerte selskaper / Share of net income from joint ventures	-6 912 6	-8 891 13	-8 022 6	-9 452 15	-7 952 8	-8 972 13	-8 309 10	-9 788 -97	-8 279 5	-9 340 6
Av- og nedskrivninger / Depreciation/impairment	-137	-143	-147	-160	-214	-214	-229	-231	-226	-230
Driftsresultat (EBIT) / Operating profit (EBIT) Netto finansposter / Net financial items	-87 1	-311 16	381 10	166 14	-82 5	329 9	424 -7	-77 -6	-57 -59	326 34
Resultat før skattekostnad (EBT) / Profit before tax (EBT)	-86	-296	390	180	-77	338	417	-83	-116	360
Segmentbalanse / Statement of financial position
Anleggsmidler / Non-current assets	N/A	N/A	N/A	5 917	7 366	7 300	6 453	6 542	6 506	6 448
Omløpsmidler / Current assets Fordring eiendom HFS / Liabilities property development HFS	N/A N/A	N/A N/A	N/A N/A	7 346 3 180	8 664 4 451	8 329 4 768	8 326 5 574	6 759 5 073	7 157 5 097	7 261 5 044
Likvider / Cash and cash equivalents	N/A	N/A	N/A	154	133	126	145	241	725	101
Sum eiendeler / Total assets Egenkapital / Equity	N/A N/A	N/A N/A	N/A N/A	16 596 3 016	20 613 3 548	20 523 3 170	20 499 3 253	18 616 2 782	19 485 2 899	18 855 3 114
Langsiktig gjeld / Non-current liabilities	N/A	N/A	N/A	3 057	5 643	5 429	6 115	5 189	5 577	4 410
Kortsiktig gjeld / Current liabilities Sum egenkapital og gjeld / Total equity and liabilities	N/A N/A	N/A N/A	N/A N/A	10 523 16 596	11 422 20 613	11 924 20 523	11 131 20 499	10 644 18 616	11 009 19 485	11 331 18 855
Netto rentebærende posisjon / Net interest-bearing position	N/A	N/A	N/A	775	81	-432	-209	1 471	1 510	1 979
Eiendom / Property development / Hold for sale Driftsinntekter / Revenue	632	782	460	1 023	718	750	585	1 000	761	720
Driftskostnader / Operating expenses	-584	-734	-426	-851	-691	-662	-571	-925	-720	-643
Resultat fra felleskontrollerte selskaper / Share of net income from joint ventures	37	54	37	-2	39	30	71	34	68	59
Av- og nedskrivninger / Depreciation/impairment Driftsresultat (EBIT) / Operating profit (EBIT)	-2 83	0 102	0 71	-5 165	-1 65	0 118	-1 84	-4 105	-2 108	-2 134
Netto finansposter / Net financial items	-7	-8	-1	1	-3	-4	-5	-4	-2	7
Resultat før skattekostnad (EBT) / Profit before tax (EBT)	77	94	70	166	62	114	78	101	106	141
Segmentbalanse / Statement of financial position Anleggsmidler / Non-current assets	N/A	N/A	N/A	1 399	836	740	1 497	1 533	1 465	1 565
Omløpsmidler / Current assets	N/A	N/A	N/A	5 294	6 262	6 283	6 629	7 091	7 371	7 329
Fordring eiendom HFS / Liabilities property development HFS	N/A	N/A	N/A	0	0	0	0	0	0	0
Likvider / Cash and cash equivalents Sum eiendeler / Total assets	N/A N/A	N/A N/A	N/A N/A	44 6 737	49 7 148	55 7 079	45 8 171	42 8 666	45 8 881	16 8 910
Egenkapital / Equity Langsiktig gjeld / Non-current liabilities	N/A N/A	N/A N/A	N/A N/A	2 064 2 328	1 414 3 615	1 436 3 925	1 780 4 715	2 435 4 233	2 514 4 237	2 675 4 185
Kortsiktig gjeld / Current liabilities	N/A	N/A	N/A	2 345	2 119	1 717	1 676	1 997	2 130	2 050
Sum egenkapital og gjeld / Total equity and liabilities	N/A	N/A	N/A	6 737	7 148	7 079	8 171	8 666	8 881	8 910
Netto rentebærende posisjon / Net interest-bearing position	N/A	N/A	N/A	-2 245	-3 521	-3 836	-4 650	-4 124	-4 116	-4 046
Elimineringer mellom Eiendom og videreført virksomhet / Eliminations between held for sale and continued operations
Driftsinntekter / Revenue	-481	-343	-222	-240	-263	-188	-145	-247	-175	-432
Driftskostnader / Operating expenses	479	346	222	240	260	192	147	244	169	432
Resultat fra felleskontrollerte selskaper / Share of net income from joint ventures Av- og nedskrivninger / Depreciation/impairment	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0	0 0
Driftsresultat (EBIT) / Operating profit (EBIT) Netto finansposter / Net financial items	-2 0	3 0	0 0	0 -5	-3 -3	4 -5	2 -3	-4 1	-6 0	0 0
Resultat før skattekostnad (EBT) / Profit before tax (EBT)	-2	3	0	-5	-6	-1	-1	-3	-6	0
Segmentbalanse / Statement of financial position
Anleggsmidler / Non-current assets	N/A	N/A	N/A	0	0	0	0	0	0	0
Omløpsmidler / Current assets Fordring eiendom HFS / Liabilities property development HFS	N/A N/A	N/A N/A	N/A N/A	-1 155 -3 180	-2 157 -4 451	-388 -4 768	-271 -5 574	-601 -5 073	-802 -5 097	-256 -5 044
Likvider / Cash and cash equivalents	N/A	N/A	N/A	0	0	0	0	0	0	0
Sum eiendeler / Total assets Egenkapital / Equity	N/A N/A	N/A N/A	N/A N/A	-4 335 -952	-6 608 -947	-5 156 -946	-5 845 -949	-5 674 -956	-5 899 -987	-5 300 -987
Langsiktig gjeld / Non-current liabilities	N/A	N/A	N/A	-2 259	-3 541	-3 860	-4 665	-4 158	-4 158	-4 105
Kortsiktig gjeld / Current liabilities Sum egenkapital og gjeld / Total equity and liabilities	N/A N/A	N/A N/A	N/A N/A	-1 124 -4 335	-2 120 -6 608	-350 -5 156	-232 -5 845	-559 -5 674	-754 -5 899	-208 -5 300
Konsern segment totalt / Total Group continued operations and held for sale
Driftsinntekter / Revenue	7 107	9 148	8 782	10 546	8 531	10 064	9 393	10 792	9 029	10 178
Driftskostnader / Operating expenses Resultat fra felleskontrollerte selskaper / Share of net income from joint ventures	-7 017 43	-9 279 67	-8 226 43	-10 063 13	-8 383 47	-9 442 43	-8 734 81	-10 469 -63	-8 830 73	-9 551 65
Av- og nedskrivninger / Depreciation/impairment	-139	-143	-147	-165	-214	-214	-230	-235	-228	-231
Driftsresultat (EBIT) / Operating profit (EBIT) Netto finansposter / Net financial items	-6 -6	-206 7	452 9	330 11	-20 -1	450 1	510 -15	25 -9	44 -61	460 40
Resultat før skattekostnad (EBT) / Profit before tax (EBT)	-11	-199	460	341	-21	451	494	16	-16	501
Segmentbalanse / Statement of financial position
Anleggsmidler / Non-current assets	N/A	N/A	N/A	7 316	8 202	8 041	7 950	8 075	7 971	8 013
Omløpsmidler / Current assets Fordring eiendom HFS / Liabilities property development HFS	N/A N/A	N/A N/A	N/A N/A	11 485 0	12 769 0	14 224 0	14 684 0	13 249 0	13 727 0	14 334 0
Likvider / Cash and cash equivalents	N/A	N/A	N/A	197	182	181	190	283	770	118
Sum eiendeler / Total assets Egenkapital / Equity	N/A N/A	N/A N/A	N/A N/A	18 999 4 128	21 153 4 015	22 445 3 660	22 824 4 084	21 608 4 261	22 467 4 425	22 465 4 802
Langsiktig gjeld / Non-current liabilities	N/A	N/A	N/A	3 127	5 717	5 494	6 165	5 264	5 657	4 491
Kortsiktig gjeld / Current liabilities Sum egenkapital og gjeld / Total equity and liabilities	N/A N/A	N/A N/A	N/A N/A	11 744 18 999	11 421 21 153	13 291 22 445	12 574 22 824	12 082 21 608	12 385 22 467	13 173 22 465
Netto rentebærende posisjon / Net interest-bearing position	N/A	N/A	N/A	-1 470	-3 440	-4 268	-4 860	-2 653	-2 605	-2 067

1) IFRS 16 Leieavtaler ble implementert fra 1.1.2019, tidligere perioder er ikke omarbeidet / Implementation of IFRS 16 Leases at 1.1.2019.

2) Segmentet Eiendom (virksomhet holdt for salg) samsvarer ikke med eiendomssegmentet i tidligere rapporteringsperioder ettersom ikke hele eiendomsvirksomheten er solgt. / The segment Property Development (operations held for sale) does not correspond with the segment in previous reporting periods, as parts of the property development operations have not been sold

VIRKSOMHET HOLDT FOR SALG / EIENDOM / OPERATIONS HELD FOR SALETOTALT INKL. VIRKSOMHET HOLDT FOR SALG / TOTAL CONTINUED OPERATIONS AND HELD FOR SALE

VIDEREFØRT VIRKSOMHET / CONTINUED OPERATIONS