Tallinn - Delayed Quote EUR

Nordecon AS (NCN1T.TL)

0.7590

+0.0050

+(0.66%)

At close: May 9 at 2:47:47 PM GMT+3

2025 first quarter consolidated interim report (unaudited)

Macroeconomic indicators give reason to believe that the decline in the Estonian construction market has halted and that the market is stabilizing. The Infrastructure segment is also supported this year by the volume of work related to Rail Baltica, while investments by the Transport Administration continue to decrease. In the Buildings segment, some revival can be seen in private sector orders. This stability is also reflected in the group’s results for the first quarter of 2025.As in previous

GlobeNewswire 2 days ago

NCN1T.TL
+0.66%
Construction contract (Cristella VT project management)

AS Nordecon group company Embach Ehitus OÜ and Cristella VT OÜ have signed a project management agreement for overseeing the design and construction work of Cristella's technological warehouse in Võru. The estimated cost of the work under the management agreement is approximately 4 million euros, excluding VAT. The works will be completed in November 2025. Nordecon (www.nordecon.com) is a group of construction companies whose core business is construction project management and general contracti

GlobeNewswire 8 days ago

NCN1T.TL
+0.66%
Audited annual report 2024 and profit allocation proposal

The council of Nordecon AS approved on 23 April 2025 the consolidated audited annual report and profit allocation proposal for the year 2024. The council decided to present the annual report and profit allocation proposal as prepared by the management for the approval of the general meeting of shareholders. The net profit attributable to the shareholders of Nordecon AS for the 2024 financial year amounts to 3,827 thousand euros. The retained profit of previous periods amounts to 919 thousand eur

GlobeNewswire 16 days ago

NCN1T.TL
+0.66%
Notice of annual general meeting of shareholders of Nordecon AS

The management board of Nordecon AS (the “Company”) (registry code 10099962, address Toompuiestee 35, 10149 Tallinn) hereby calls an annual general meeting of shareholders, which shall be held on 21 May 2025 at 10:00 am at the Radisson Blu Hotel Olümpia conference hall Sigma (Liivalaia 33, 10118 Tallinn). The list of shareholders entitled to vote at the general meeting is determined on 14 May 2025 as at the end of the working day of the Nasdaq CSD Estonia settlement system. The registration of t

GlobeNewswire 16 days ago

NCN1T.TL
+0.66%
Construction contract (Tiskre School)

Nordecon AS and OÜ Strantum have signed a contract for the construction of Tiskre School. The school building, designed for 432 students, will be built in the village of Tiskre in Harku parish, on the property at Liiva tee 53. The educational building, with a net area of approximately 6,700 square meters, will consist of a two-story school and a kindergarten, including a gym, service, and auxiliary rooms. A stadium with educational and recreational areas will also be built next to the school. Th

GlobeNewswire 23 days ago

NCN1T.TL
+0.66%
Construction contract (Building facility)

AS Nordecon and the Estonian Centre for Defence Investments have signed a contract for the design and construction of a building facility in Harju County. The contract is valued at 3.7 million euros, plus VAT, and the building is scheduled for completion in the spring of 2026. Nordecon (www.nordecon.com) is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operate

GlobeNewswire last month

NCN1T.TL
+0.66%
Construction contract (Tapa Army Base Barracks)

AS Nordecon and the Estonian Centre for Defence Investments have signed a contract for the design and construction of a barracks intended for allied forces in the Tapa Army Base. The contract is valued at 5.3 million euros, plus VAT, and the building is scheduled for completion in the spring of 2026. Nordecon (www.nordecon.com) is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geograph

GlobeNewswire last month

NCN1T.TL
+0.66%
Construction contract (Rail Baltica railway line Selja-Tootsi section)

AS Nordecon's group company, Tariston AS, and OÜ Rail Baltic Estonia have signed a construction contract for the first phase of railway infrastructure construction on the Rail Baltica main route in Pärnu County, on the Selja-Tootsi section. The work will involve building a total of 14.5 kilometers of railway embankment and six structures, including three ecoducts, two viaducts, and a pedestrian and bicycle tunnel. The total volume of earthworks for the entire section is approximately 2.5 million

GlobeNewswire 2 months ago

NCN1T.TL
+0.66%
Construction contract (Võru Kindergarten Punamütsike)

AS Nordecon group company Embach Ehitus OÜ and Võru City Government signed a contract for the construction of Kindergarten Punamütsike located at Vilja 10, Võru. The total value of the contract is 6.37 million euros without VAT and the works will be completed in 14 months. Nordecon (www.nordecon.com) is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in

GlobeNewswire 2 months ago

NCN1T.TL
+0.66%
2024 IV quarter and 12 months consolidated interim report (unaudited)

The year 2024 was successful for the Nordecon Group. Profitability improved significantly, and revenue increased. The general contracting market remains highly competitive, and developers' confidence is low. No change is expected in the volume of public sector orders for the consecutive year. Consequently, the group does not foresee significant growth in investments or the construction market in 2025. The group's gross profit margin in 2024 was 7.5% (2023: 2.0%), and in the fourth quarter, it re

GlobeNewswire 3 months ago

NCN1T.TL
+0.66%
Construction contract (Viljandi spa hotel)

Nordecon AS and AS OG Elektra have signed a contract for the construction of the new spa hotel and swimming complex in Viljandi. This four-story multifunctional building will have a total area of 15,800 sqm. In addition to the swimming pool, the complex will feature a water and sauna centre, a restaurant, 150 hotel rooms, and a conference centre. The total cost of the contract is 30 million euros excluding VAT, and the works will be completed in the summer of 2027. Nordecon (www.nordecon.com) is

GlobeNewswire 3 months ago

NCN1T.TL
+0.66%
Construction contract (Renovation of Tallinn Art Hall)

Nordecon AS and SA Kunstihoone entered into a contract for the renovation of Tallinn Art Hall building, located at Vabaduse väljak 6/8. The total cost of the contract is 7.99 million euros excluding VAT, and the works will be completed in 18 months. Nordecon (www.nordecon.com) is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, Ukraine and Sw

GlobeNewswire 4 months ago

NCN1T.TL
+0.66%
Financial calendar 2025

Nordecon AS' financial calendar for 2025: EventDue dateDue weekIV quarter and 12 months 2024 interim report06 February 20256 (2025)Audited annual report 2024-17 (2025)I quarter and 3 months 2025 interim report08 May 202519 (2025)2024 annual general meeting of shareholders-21 (2025)II quarter and half year 2025 interim report07 August 202532 (2025)III quarter and 9 months 2025 interim report06 November 202545 (2025)IV quarter and 12 months 2025 interim report05 February 20266 (2026) Nordecon (www

GlobeNewswire 4 months ago

NCN1T.TL
+0.66%
Construction contract (Viljandi Lidl)

AS Nordecon group company Embach Ehitus OÜ and Lidl Eesti OÜ signed a contract for the construction of a Lidl store located at Riia 1, Viljandi. The total value of the contract is 4.81 million euros without VAT and the works will be completed in October of 2025. Nordecon (www.nordecon.com) is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, U

GlobeNewswire 5 months ago

NCN1T.TL
+0.66%
Construction contract (Estonian Public Broadcasting’s new TV house)

Nordecon AS and Eesti Rahvusringhääling (Estonian Public Broadcasting) entered into a contract for the construction of the new TV house in Tallinn, located at F.R. Kreutzwaldi tn 14 / Gonsiori tn 21. The new television building is a multifunctional structure with up to six above-ground floors and one underground parking level. It compactly and functionally integrates, among other things, studios of different sizes, storage rooms and workshops for decorations, various types of television technolo

GlobeNewswire 5 months ago

NCN1T.TL
+0.66%
2024 III quarter and 9 months consolidated interim report (unaudited)

In the third quarter of this year, the downward trend in the construction market did not experience a significant shift. Forward-looking indicators that characterize both the construction market and the broader macroeconomic environment are contradictory, making it difficult to predict a market upturn in the coming quarters. This uncertainty affects both the public and private sectors' willingness and confidence to make broad-based investments in buildings and infrastructure.Despite the challeng

GlobeNewswire 5 months ago

NCN1T.TL
+0.66%
Changes in the Management Board of Nordecon AS

At a meeting of the Supervisory Board of Nordecon AS held on 6 November 2024, it was decided that as of 1 January 2025, Priit Luman will be recalled from his position as a member of the Management Board, and Deniss Berman will be appointed as a new member of the Management Board, responsible for sales and pre-construction at Nordecon AS. Priit Luman will continue as the head of Nordecon AS’s foreign markets. Deniss Berman graduated from Tallinn University of Applied Sciences in building construc

GlobeNewswire 5 months ago

NCN1T.TL
+0.66%
Public procurement preferred bidder announcement (Estonian Public Broadcasting new TV building)

Riigi Kinnisvara AS has made a decision today regarding the public procurement for "Construction works of the new Estonian Public Broadcasting TV Building," declaring the bid submitted by Nordecon AS, with a value of 40.1 million euros (including reserve, excluding VAT), as successful. Riigi Kinnisvara AS and Nordecon can sign the contract after the 14-day appeal period prescribed by law has passed, which will be announced separately via a stock exchange announcement. Nordecon (www.nordecon.com)

GlobeNewswire 6 months ago

NCN1T.TL
+0.66%
Construction contract (Apartment building in Ovruch, Ukraine)

Nordecon AS, together with its subsidiary Eurocon Ukraine TOV as joint bidders, and the Estonian Centre for International Development (ESTDEV) have signed a construction contract for the reconstruction of a building into an apartment complex for internally displaced persons in Ovruch, Zhytomyr Oblast, Ukraine. The contract value is 1.8 million euros, plus VAT, and the construction period is 275 days. Nordecon (www.nordecon.com) is a group of construction companies whose core business is construc

GlobeNewswire 7 months ago

NCN1T.TL
+0.66%
Construction contract (Uusküla spa hotel)

Nordecon AS and its subsidiary Embach Ehitus OÜ as joint bidders and Loodusspaahotell OÜ have signed a general construction contract for the construction of the Uusküla spa hotel in Alutaguse municipality. The nature spa hotel, designed to blend into the natural environment on the northern shore of Lake Peipus, will meet the quality requirements for LEED environmental certification at the gold level. The expected deadline for the construction works is summer of 2026, with the contract valued at

GlobeNewswire 8 months ago

NCN1T.TL
+0.66%

Performance Overview

Return	NCN1T.TL	MSCI WORLD (^990100-USD-STRD)
YTD	+12.95%	-0.19%
1-Year	+50.30%	+9.31%
3-Year	-18.39%	--

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Nordecon AS (NCN1T.TL)

2025 first quarter consolidated interim report (unaudited)

Construction contract (Cristella VT project management)

Audited annual report 2024 and profit allocation proposal

Notice of annual general meeting of shareholders of Nordecon AS

Construction contract (Tiskre School)

Construction contract (Building facility)

Construction contract (Tapa Army Base Barracks)

Construction contract (Rail Baltica railway line Selja-Tootsi section)

Construction contract (Võru Kindergarten Punamütsike)

2024 IV quarter and 12 months consolidated interim report (unaudited)

Construction contract (Viljandi spa hotel)

Construction contract (Renovation of Tallinn Art Hall)

Financial calendar 2025

Construction contract (Viljandi Lidl)

Construction contract (Estonian Public Broadcasting’s new TV house)

2024 III quarter and 9 months consolidated interim report (unaudited)

Changes in the Management Board of Nordecon AS

Public procurement preferred bidder announcement (Estonian Public Broadcasting new TV building)

Construction contract (Apartment building in Ovruch, Ukraine)

Construction contract (Uusküla spa hotel)

Performance Overview