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Veidekke

Earnings Release Jul 10, 2024

3781_rns_2024-07-10_80bfbdee-0379-473d-8d25-55d7d91c5aac.html

Earnings Release

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Veidekke: Another major asphalt contract, now with AF

Veidekke: Another major asphalt contract, now with AF

Veidekke has been commissioned by AF Gruppen to produce and lay asphalt at the

new Mo i Rana Airport that is under construction. The contract is valued at just

above NOK 160 million excluding VAT over three years.

"We are proud to have won the year's third contract for the production and

laying of asphalt, now for AF Gruppen and its client Avinor. We will pave the

airside with runways, taxiways and aprons, in addition to the land side with

parking lots and roads. And the asphalt is local from our factory in Mo i Rana.

We really appreciate the assignment and the confidence shown in us," says Martin

Holmqvist, director of Veidekke Asfalt.

In June 2023, AF Gruppen was commissioned to build the new airport including all

groundworks, runway construction, technical infrastructure, terminal buildings

and operations buildings. Necessary infrastructure such as roads, pavements and

cycle paths and water and wastewater facilities for the airport are also

included in the contract.

The asphalt contract extends for three years. Startup is in the autumn, while

the largest volumes will be laid in 2025 and somewhat less in 2026. Read more

about the new airport here (https://avinor.no/ny-flyplass-mo-i-rana/).

With this contract, Veidekke has received asphalt assignments worth NOK 2.5

billion excl. VAT so far this year. About half a billion of these orders will be

executed in 2025.

For further information, please contact:

Director Martin Holmqvist of Veidekke Asfalt, tel. +47 92 67 12 63,

[email protected]

Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22,

[email protected]

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

-Pressebilder-Veidekke/)

Subscribe to messages from

Veidekke (http://veidekke.com/no/borsmeldinger/abonner-pa-meldinger/)

Veidekke (http://www.veidekke.no) 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. Annual

turnover is approx. NOK 43 billion, and almost 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.

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