September 21, 2014 12:11 PM ET

Household Durables

Company Overview of NCC Housing Sweden AB

Company Overview

NCC Housing Sweden AB provides real estate housing development services in the Nordic region. The company is based in Sweden. NCC Housing Sweden AB operates as a subsidiary of NCC AB.

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Sweden

Key Executives for NCC Housing Sweden AB

Chief Executive Officer
Age: 50
President
Age: 50
Compensation as of Fiscal Year 2014.

NCC Housing Sweden AB Key Developments

NCC Housing Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

NCC Housing reported earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported net sales of SEK 1,506 million against SEK 1,530 million reported last year. Operating profit was SEK 15 million against SEK 77 million reported last year. For the nine months, the company reported net sales of SEK 4,359 million against SEK 4,179 million reported last year. Operating profit was SEK 122 million against SEK 262 million reported last year. The profit decline was mainly due to losses from the sale of rental units and land, impairment of land, restructuring costs in Sweden and higher expenses caused by increased project volumes.

NCC Housing Sweden AB Appoints Joachim Hallengren as New President

NCC Housing Sweden AB announced that Joachim Hallengren has been appointed the new President of the NCC Housing business area. He is currently President of the NCC Property Development business area and will assume his new position on November 1, 2012. Hallengren has been employed at NCC since 1995. He has a background in NCC's property development operations as Regional and Country Manager for Sweden prior to his appointment as President of NCC Property Development business area. Hallengren will replace Svante Hagman, who will become President of NCC Construction Sweden. The process to recruit a new President for NCC Property Development has commenced, and Hallengren will remain in this position until a replacement has been found.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 10, 2014
74 Apartments in the Housing Project Skandi Klubb
Merger/Acquisition
May 14, 2014
180 Apartment Housing Project In Potsdam In Germany
Merger/Acquisition
December 20, 2013
70 Apartment Housing Project in Frankfurt
 

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