Veidekke

Earnings Release • Mar 24, 2025

Veidekke: Annual and sustainability report 2024

Veidekke: Annual and sustainability report 2024

Veidekke ASA's annual and sustainability report for 2024 was published today.

The report includes financial and non-financial information. Despite a

challenging environment, Veidekke has delivered solid profit growth and

increased profitability. The profit per share was NOK 9.3, and the board of

directors has proposed to pay a dividend of NOK 9.0 per share.

"While 2024 gave the industry and Veidekke both challenges and opportunities, it

was nevertheless a good year for the group. With solid profit growth and

increased profitability, Veidekke has shown clearly how the group's skilled and

committed employees are able to maintain profitability even through challenging

times," says Jimmy Bengtsson, Group CEO of Veidekke.

"We have taken on 2025 from a good starting point, with a robust and balanced

portfolio of quality projects, and with risk under control. The high order book,

flexible business model,  good financial position and solid balance sheet

provide a strong position from which Veidekke can exploit market opportunities

and deliver on an attractive dividend policy," says Bengtsson.

"Whether it concerns sustainability, job security or financial results: To

achieve our goals, we need committed and motivated colleagues - employees who

seek new challenges and prefer to be one step ahead in their pursuit of

solutions for the future," concludes Bengtsson.

Veidekke's annual and sustainability report 2024 is an integrated report that

covers both financial and non-financial topics, including environmental, social

and governance topics in accordance with CSRD requirements. The report provides

a comprehensive description of the group's 2024 operations, and yet describes

only a fraction of the work put into the many hundreds of projects the group

operates at any given time, by Veidekke's nearly 8,000 employees.

Veidekke's annual and sustainability report 2024 (pdf) and the company's annual

accounts in European Single Electronic Format (ESEF) are attached to the

announcement and can also be downloaded Here (https://www.veidekke.com/investor

-relations/reports-and-presentations/). In addition to meeting statutory

requirements for the annual accounts and annual and sustainability report, it

comprises information on corporate governance and shareholder information.

This information is subject to a disclosure duty pursuant to section 5-12 of the

Securities Trading Act.

For more information, contact:

Jimmy Bengtsson, Group CEO +47?984 70?000

Lars Erik Lund, EVP, +47?413 31 369

Jørgen Wiese Porsmyr, CFO,+47?907 59 058

Veidekk 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 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.