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Veidekke

Earnings Release Dec 18, 2025

3781_rns_2025-12-18_97cf4dbd-75f9-4d4d-9b68-45d38241612c.html

Earnings Release

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Veidekke: Building nursing home and emergency clinic in Porsgrunn

Veidekke: Building nursing home and emergency clinic in Porsgrunn

Veidekke has signed an agreement with Porsgrunn municipality to construct a new

environmentally certified building, comprising an additional wing at Mule

nursing home and a new emergency clinic serving the municipalities of Porsgrunn

and Bamble. The turnkey contract is valued at NOK 261 million, excluding VAT.

"We are proud to enter into this agreement with Porsgrunn municipality to build

a nursing home and emergency clinic, and we are very grateful for the

assignment. In recent years, we have developed strong expertise in constructing

healthcare facilities, and this project fits well into our portfolio of public

projects," says Lars N. Hjertås, District Manager at Veidekke Building Vestfold

and Telemark.

The new facility will cover a gross area of 7,650 m² across four floors and a

basement. It will include 64 new resident rooms with various functions for Mule

nursing home, as well as a new emergency clinic for residents of both Porsgrunn

and Bamble. The building will be connected to the existing nursing home, which

will remain fully operational throughout the construction period. The project

will be certified under BREEAM-NOR "Very Good", ensuring high environmental

standards.

"Veidekke won the competition based on both price and quality, and Porsgrunn

municipality looks forward to collaborating with Veidekke on this exciting

project," says Ole Henrik Lia, Property Manager at Porsgrunn municipality.

Concrete and carpentry work will be carried out by Veidekke's local skilled

workers and apprentices, supporting employment and skills development in the

region. Construction is scheduled to begin in the first quarter of 2026, with

completion planned for the third quarter of 2027.

The assignment will be included in Veidekke's order backlog for the fourth

quarter of 2026.

For further information, please contact:

District Manager Lars N. Hjertås, Veidekke, tel. +47 92 29 71 92,

[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 notices from Veidekke (http://veidekke.com/no/borsmeldinger/abonner

-pa-meldinger/)

Veidekke (http://www.veidekke.com/) 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 41 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.

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