Veidekke ASA: Road service contracts worth NOK 732 million for Veidekke
(Thomson Reuters ONE) -
During the spring Veidekke Industri has won four new road service contracts for
Norwegian classified and county roads, in addition to a contract for winter
maintenance at Oslo Airport. The contracts run for five to six years, and have a
total value of NOK 732 million excl. VAT.
Besides Oslo Airport (OSL), the new contracts with the Public Roads
Administration are for Alta, west Romerike, Ytre Romsdal, Nesset municipality in
Møre and Romsdal, and a one-year extension of the southern Hedmark contract.
"In our 19 contracts we maintain around 9,054 km of road from Finnmark in the
north to Vest-Agder in the south. This makes Veidekke the largest private
operator in the country with a market share of about 17%. Our total order
backlog for road services is now at NOK 2.3 billion. Most of the contracts are
for 5 years, and our annual turnover from them is around NOK 800 million," says
Managing Director Øyvind Moen of Veidekke Industri.
An industry in positive development
Major changes have taken place since the road service contracts of classified
and county roads in Norway were put out to tender around 10 years ago. Veidekke
has been involved from the start, and has in common with most contractors lost
money on some contracts. However, for Veidekke this is fortunately a thing of
the past. All of the company's contracts have been won in fierce competition
with Norwegian and foreign players and have a sound financial basis for both
client and contractor.
Many important tasks
"Our job is to ensure usability, traffic safety, and maintain the roads. This
involves everything from snow ploughing and gritting, washing signs, emptying
rubbish bins and trimming verges to clearing up after floods, avalanches,
landslides, rock falls and accidents. The Public Roads Administration determines
the framework we have to work within and the road standards we have to satisfy,
which depend on factors such as road type and traffic volume," Moen says.
Snow clearing at Oslo Airport
"At Oslo Airport Veidekke will for the next six winters clear snow from aircraft
stands, internal roads and large areas for machinery and equipment parking. On
the actual runways OSL provides the equipment while our people do the work,"
Moen concludes.
For more information please contact:
Managing Director Øyvind Moen of Veidekke Industri, tel. (+47) 932 01 419,
oyvind.moen(at)veidekke.no
Communications Manager Helge Dieset of Veidekke ASA, tel. +47 90 55 33 22,
helge.dieset(at)veidekke.no
Veidekke is one of Scandinavia's leading contractors and property developers
with a turnover of 20 billion (2012) and 6,300 employees. Activities include
building and construction projects, residential developments, asphalt plants,
gravel and crushed stone and road services. 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 characterised by a
strong corporate culture with employee involvement and co-ownership as important
cornerstones. More than half of the employees are co-owners, holding around 20%
of the Group'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 pursuant to section
5-12 of the Norwegian Securities Trading Act.
Illustration:
http://hugin.info/172/R/1697294/559263.pdf
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Source: Veidekke ASA via Thomson Reuters ONE
[HUG#1697294]
Unternehmensinformation / Kurzprofil:
Datum: 29.04.2013 - 14:09 Uhr
Sprache: Deutsch
News-ID 253875
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contact information:
Town:
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Kategorie:
Business News
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