Veidekke ASA — Cyborg Score 7/10

Strategic Profile

Veidekke operates through Construction Norway, Infrastructure Norway, Construction Sweden, Infrastructure Sweden, and Denmark/Hoffmann segments. The company has been ranked #209 on TIME World's Most Sustainable Companies of 2025.

Cyborg Score Rationale

Veidekke achieved revenues of NOK 12.1 billion in Q4 with a pre-tax profit of NOK 820 million, and the group's order book totalled NOK 47.3 billion at year-end. The strong order book and market leadership position support solid operational momentum.

Top Insights

• Regional market leader: Largest Norwegian constructor and 4th largest in Scandinavia
• Strong order book momentum: NOK 47.3 billion at year-end 2025 provides multi-year revenue visibility
• Improving margins: Project portfolio margins continue to rise amid portfolio selectivity
• Diversified operations: Revenue streams across construction, infrastructure, property development, and industrial services

Named Competitors

• Nordic Construction — Regional Nordic construction competitor
• Skanska — Large Nordic and European construction group
• NCC — Nordic construction and property development company

Recent Developments

• (January 2026) Q4 2025 revenues of NOK 12.1 billion with NOK 820M pre-tax profit; proposed dividend of NOK 11.25 per share
• (March 2026) Awarded NOK 1.05 billion contract for Fiskebrygga commercial building in Oslo
• (February 2026) Undertaking cultural building relocation project for Syvab in collaboration with Bane NOR

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