Last 68.00 NOK
Change Today +0.25 / 0.37%
Volume 10.9K
VEI On Other Exchanges
As of 10:25 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

veidekke asa (VEI) Snapshot

67.50 NOK
Previous Close
67.75 NOK
Day High
68.25 NOK
Day Low
67.50 NOK
52 Week High
05/30/14 - 70.00 NOK
52 Week Low
08/27/13 - 43.00 NOK
Market Cap
Average Volume 10 Days
4.67 NOK
Shares Outstanding
3.00 NOK
Dividend Yield
Current Stock Chart for VEIDEKKE ASA (VEI)

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veidekke asa (VEI) Details

Veidekke ASA operates as a construction company in Norway, Sweden, and Denmark. The company operates through Construction, Property, and Industry segments. It builds and constructs new homes, commercial properties, schools, and other public buildings; and renovates and constructs road, railway, hydropower and wind farms, and industrial projects. The company also purchases sites and properties for the development of homes, offices, and shops or buildings for public activities. In addition, it produces and processes asphalt, aggregates, ballasts, crushed stones, sand, and gravel, as well as provides road maintenance services. The company was founded in 1936 and is headquartered in Oslo, Norway.

6,353 Employees
Last Reported Date: 05/8/14
Founded in 1936

veidekke asa (VEI) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: 2.9M NOK
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: 900.0K NOK
Executive Vice President and Head of Building...
Total Annual Compensation: 3.3M NOK
Executive Vice President and Managing Directo...
Total Annual Compensation: 3.0M NOK
Executive Vice President
Total Annual Compensation: 2.6M NOK
Compensation as of Fiscal Year 2013.

veidekke asa (VEI) Key Developments

Veidekke Asa Wins to Build and Operate PPP Schools for NOK 950 Million

Veidekke ASA has won the PPP competitions to build and operate Rykkinn primary school and Jessheim upper secondary school. The combined project cost is NOK 950 million excluding VAT. Both schools will be future-oriented school facilities and have lofty environmental ambitions in terms of both material use and energy use (passive house standard). Additionally, focus is on good areas for learning and a good indoor environment. The schools will be built as PPP projects (Public Private Partnership), and when completed, Veidekke will be responsible for leasing, operation and maintenance for 25 years. Rykkinn school: The project comprises a new primary school for 630 pupils from stages 1 to 7. The school will have a small sports hall and a comprehensive outdoor area well adapted to the existing terrain. The contract comprises demolition of the existing school, and the design and construction of a modern and future-oriented school. The school will be ready for the start of the school year in 2016. The contractual party for the PPP contract is Bærum municipality. Jessheim upper secondary school: The new upper secondary school will be established on what currently is the parking lot of the existing school north of the centre of Jessheim. The new school will have six branches of study for a total of 1,500 pupils and 240 staff. The school will have four storeys with a gross area of 25,374 m2. In addition, a new pedestrian and cycle path and bus parking lot will be built, as well as an external sports facility and a park in connection with the school. The existing school will be demolished when the new school is completed in the autumn of 2017. Akershus county municipality is the contractual party for the PPP contract.

Veidekke ASA Reports Earnings Results for the First Quarter of 2014

Veidekke ASA reported earnings results for the first quarter of 2014. In the first quarter, turnover was NOK 5.2 billion, which is an increase of 30% compared to last year. Earnings before tax amounted to NOK 4 million, compared with a NOK 63 million deficit in the same period last year. Earnings per share was NOK 0.20 against loss per share of NOK 0.40. The improvement is primarily related to a higher level of activity and better project margins in construction operations, but also contributions from project sales and high activity in Swedish property operations.

Veidekke ASA Wins a Major Contract for Health Building in Sweden

Veidekke ASA has been awarded the contract by TKV Fastighet AB to build a teaching building and laboratory with a floor area of 20,000 m2. This is a turnkey contract valued at SEK 317 million, excluding VAT. A challenge in the project is to create as little disturbance as possible for ongoing hospital operations, and an innovative logistics solution has been used to reduce traffic loads. Both Veidekke Entreprenad and subsidiary Arcona will make use of their extensive experience in building customized training facilities in this project. The Virtual Design and Construction (VDC) work methodology will be used in the project with 3D models to ease interaction and involvement between all parties and to ensure short and efficient decision processes. The project is called "Technology for Health - Medicinaren 5." The main tenant will be Kungliga Tekniske Hogskolan (KTH), but the Red Cross's nurse training will also have premises in the new building. Construction starts in June and is expected to be completed in the summer of 2016.


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Price/Sales 0.4x
Price/Book 3.9x
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