Construction company NCC has reported revenue and operating profit for the fourth quarter of 2025 in line with its preliminary announcement. The board proposes an unchanged dividend, both in terms of the ordinary and the special dividend.
Revenue fell by 21.6 percent to 15,929 million kronor (20,323).
Operating profit amounted to 692 million kronor (844). The operating margin was 4.3 percent (4.2).
The results include a write-down of 1.4 billion kronor, mainly related to property values in Property Development.
Adjusted operating profit amounted to -479 million kronor (844).
Profit before tax was -516 million kronor (779).
Profit after tax was -723 million kronor (721).
Earnings per share amounted to -7.40 kronor (7.37).
Order intake landed at 14,462 million kronor (13,449).
An ordinary dividend of 9.00 kronor per share (9.00) is proposed. In addition, a special dividend of 2.00 kronor (2.00) is proposed.
Cash flow from operating activities amounted to 1,978 million kronor (4,980).
Ncc AB is a Sweden-based company active within the construction and property development industry. Its operations are divided into three business areas: Industry, Building and Construction, and Development. The Industry area is managed by NCC Roads and focuses on the production of asphalt, as well as is engaged in paving operations and road services. The Building and Construction area is managed by NCC Construction units in Sweden, Denmark, Finland and Norway. The area is engaged in the construction of residential and office properties, other buildings, industrial facilities, roads, civil-engineering structures and other infrastructure. The Development area is managed by NCC Housing and NCC Property Development and is engaged in the development and sale of both residential and commercial properties. The Company’s core business is conducted in the Nordic region, the Baltic States and Germany.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
