Veidekke with new contracts worth more than NOK 200 million in Follo

Veidekke Entreprenør has during the course of the autumn been awarded new contracts in the Follo region worth NOK 203 million excluding VAT. "We have been handed a number of demanding tasks and will build several commercial and residential properties in the municipalities of Ski, Oppegård, Ås and Oslo," says district manager Per-Inge Heen.

"These are good times for us in Veidekke in our part of the country. This is also why we are building new offices for ourselves in Ås. And because of increasing number of contracts and some of our employees are taking retirement the next years, we will recruit around 15 craftsmen and almost the same number of officials in the next three to four years," says district manager Heen.

"The Follo region is a growth area, and we are enjoying the benefits. We have local employees and are a local contractor, even though we also are a part of the Veidekke Group. The latter gives us flexibility and strength, so although there is a lot going on, we are of course interested in discussing new contracts with developers," Heen concludes.

New projects in Follo:

  • Two blocks of flats with a total of 56 flats in Oppegård municipality for Hansa Selvaag Kornmoenga AS. Completion in April 2013.
     
  • Ås Kvartal 5, combined commercial and residential project for Ås Sentrum AS. Completion in November 2012.
     
  • Ground and foundation work and concrete framework for new commercial building for MD Eiendom in Åsveien 11 in Ski. Completion in May 2012.
     
  • Ski Bygg 2011 is a warehouse extension with Ski Bygg Gruppen as principal. Completion in December 2011.
     
  • Munkerudstubben, 12 flats for Munkerud ANS c/o Urbanium AS at Southern Nordstrand in Oslo. Completion in July 2012.

For more information please contact:
District Manager Per-Inge Heen, Veidekke Entreprenør AS, tel. +47 90 15 12 91, per-inge.heen@veidekke.no
Communications Manager Helge Dieset of Veidekke ASA, tel. +47 21 05 77 91 / +47 90 55 33 22, helge.dieset@veidekke.no

Veidekke is one of Scandinavia's largest contractors with 6,100 employees and a turnover of NOK 16.3 billion (2010). Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates and road maintenance. Our values are professional, honest, enthusiastic and pioneering. Our goals for health, safety and the environment, HSE, have equal status with our financial goals.  Veidekke is characterized by a decentralized organizational model with a strong corporate culture and a high degree of employee involvement. Over half the employees are co-owners, holding almost 20% of Veidekke's shares between them. The company is listed on the Oslo Stock Exchange and has never declared a loss since it was founded in 1936.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
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District Manager Per-Inge Heen pdf