A message from the CEO
NCC holds a strong position in the Nordic construction market
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53,285
Orders received (SEK M)
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54,198
Net sales (SEK M)
-
1,358
Operating profit (SEK M)
Financial targets and outcome
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Earnings per share (SEK)
Target 2023
≥ 16
SEK
Outcome 2022
10
SEK
-
Corporate net debt
Net debt excludes pension debt and lease liability.Target 2022
< 2.5
X EBITDA
Outcome 2022
0.8
X EBITDA
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Dividend policy
Percent of earnings to be distributed to shareholders. The Board of Directors has proposed a dividend of SEK 6 per share for 2022.Target 2022
≈ 60
%
Outcome 2022
55
%
Sustainability targets and outcome
Health and Safety
-
-
LTIF4
Work-related accidents resulting in more than four calendar days of absence per million working hours.Target 2022
3.0
Outcome 2022
4.1
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Climate and energy
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Scopes 1 & 2
Target: 60-percent reduction in CO₂e (carbon dioxide equivalents, i.e. GHG emissions expressed as the equivalent amount of carbon dioxide) by 2030 (base year 2015), measured as tons of CO₂e /SEK M. Outcome 2022: Emission intensity amounted to 2.5 CO₂e ton/SEK M, corresponding to a reduction of 52 percent compared with 2015.Target 2030
-60
%
Outcome 2022
-52
%
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-
-
Scope 3
50-percent reduction in CO₂e by 2030 (base year 2015), from concrete, steel, asphalt and transportation, measured as kilograms of CO₂e/ purchased volume. To date, this metric refers only to ready-mix concrete, steel reinforcement and internally purchased asphalt. Emissions from transportation are not reported for 2022.Target 2030
-50
%
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Ready-mix concrete Outcome 2022
-16
%
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Asphalt Outcome 2022
-31
%
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Steel reinforcement Outcome 2022
-38
%
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Transportation
–
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Strategic direction
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Our purpose
Our purpose is to take the customer through the construction process in order to create a positive end result for all stakeholders.
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Our core
Our core is our ability to manage the complexity of a construction process.
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Our position
Proactive construction experts realizing complex projects with our customers.
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A knowledge-based company
Build a knowledge-based company and a culture based on shared values and behaviors.
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IT infrastructure
Work in a data-informed manner, which requires that NCC invests in IT and digitization.
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Proactivity
Be proactive in relation to the customers in order to manage the complexity of the construction process and utilize and develop our expertise and experience.
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Expertise
Leverage the Group’s collective expertise in order to develop the construction process.
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Act with passion to perform
We challenge ourselves and each other to constantly improve and outperform our targets.
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Build together
We work actively to ensure effective collaboration internally, in and between units, and with our customers.
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Follow through and follow up
We take data-informed decisions, communicate them clearly and always act on what’s decided.
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Act with care
We take responsibility for our actions and use of resources. We mitigate risk and act with integrity to ensure safe, high-quality sustainable operations.
Focus Areas
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Our purpose
Our purpose is to take the customer through the construction process in order to create a positive end result for all stakeholders.
-
Our core
Our core is our ability to manage the complexity of a construction process.
-
Our position
Proactive construction experts realizing complex projects with our customers.
-
A knowledge-based company
Build a knowledge-based company and a culture based on shared values and behaviors.
-
IT infrastructure
Work in a data-informed manner, which requires that NCC invests in IT and digitization.
-
Proactivity
Be proactive in relation to the customers in order to manage the complexity of the construction process and utilize and develop our expertise and experience.
-
Expertise
Leverage the Group’s collective expertise in order to develop the construction process.
-
Act with passion to perform
We challenge ourselves and each other to constantly improve and outperform our targets.
-
Build together
We work actively to ensure effective collaboration internally, in and between units, and with our customers.
-
Follow through and follow up
We take data-informed decisions, communicate them clearly and always act on what’s decided.
-
Act with care
We take responsibility for our actions and use of resources. We mitigate risk and act with integrity to ensure safe, high-quality sustainable operations.
Sustainability at NCC
NCC engages in construction and civil engineering project contracting, production of asphalt and stone materials and commercial property development and works continuously and in close dialogue with customers and other stakeholders to contribute to the transition to a more sustainable society. Based on data and expertise NCC can contribute with knowledge, enabling well founded decisions.
NCC has a sustainability framework as the basis for the Group’s work. There are common Group targets in two areas: Climate and energy and Health and safety. We also follow up work in other areas at Group level. Each business area then has relevant targets and governing parameters for its own operations.
4.1
Accident frequency
(LTIF4 - Work-related accidents resulting in more than four calendar days of absence per million working hours)
52%
Reduction of CO2e/SEK M since 2015. Scope 1 & 2.
Building for the future
Based on its expertise in managing complex construction processes, NCC facilitates construction that generates favorable results for the customers and has a positive impact on society in general.
Operations include building and infrastructure project contracting, asphalt and stone materials production and commercial property development.
We have five business areas at NCC:
- NCC Infrastructure
- NCC Building Sweden
- NCC Building Nordics
- NCC Industry
- NCC Property Development
NCC Infrastructure
Builds, renovates and maintains infrastructure for travel, transportation, energy and water treatment, as well as facilities for basic industry, in Sweden, Norway and Denmark. With expertise encompassing the entire chain from counseling in early stages, project planning and design to production and maintenance, we realize, together with our customers, projects with a favorable impact on society.
17,256
Net sales (SEK M)
- Share of sales
- Share of employees
NCC Building Sweden
Builds and renovates residential buildings, offices, healthcare buildings, schools, sports facilities and public buildings for public and private customers in Sweden. With advanced skills in sustainability, digitalization and partnering, NCC Building Sweden develops projects jointly with customers from the early stages.
14,178
Net sales (SEK M)
- Share of sales.
- Share of employees.
NCC Building Nordics
Builds and renovates residential buildings, offices, healthcare buildings, schools, sports facilities and public buildings for public and private customers in Denmark, Finland and Norway. With advanced skills in sustainability, digitalization and partnering, NCC Building Nordics develops projects jointly with customers from the early stages.
13,568
Net sales (SEK M)
- Share of sales.
- Share of employees.
NCC Industry
Develops, produces and sells stone materials and asphalt products for construction and infrastructure projects in Sweden, Norway, Denmark and stone materials in Finland. The operations form a natural supply chain that is also well integrated into NCC’s construction and civil engineering operations.
11,268
Net sales (SEK M)
- Share of sales.
- Share of employees.
NCC Property Development
Develops, lets and sells properties, with the focus on office properties. With extensive expertise encompassing the entire chain from conceptualization of individual projects to the development of city districts, and with a major focus on sustainability and cooperation, flexible and customized property solutions are created in growth markets in the Nordic region.
1,301
Net sales (SEK M)
- Share of sales.
- Share of employees.
Expert competence throughout the entire construction process
During 2022, NCC's 12,500 employees have developed and driven the process forward in construction projects across the Nordic region, together with our customers. Expertise and experience enable our project teams to anticipate and manage the challenges and opportunities that arise during a construction process and propose proactive solutions to the customer.
Attracting and developing the best employees in the industry is critical to NCC's competitiveness. NCC has a good reputation with our candidates, who give high marks in the follow-up of the recruitment process. Common values and behaviors are cornerstones of NCC's culture and the employee survey shows a high level of commitment and willingness to recommend NCC as an employer.
12,500
Average number of employees 2022
7.9/10
High employee engagement (from NCC's employee survey)
8.9/10
Good career opportunities (from NCC's candidate survey)
Employee stories
The commitment and expertise of our employees is key to NCC's success. For NCC, it is decisive to offer development opportunities throughout the career.
An insight into our business
NCC creates the environments of the future for housing, work and infrastructure. We develop our employees, carry out complex projects and deliver smart sustainable solutions that respond to both large and small challenges.
Read our annual report
Here you can download the full Annual report, or parts of it and combine them as you wish.
NCC is one of the leading construction companies in the Nordics. Based on its expertise in managing complex construction processes, NCC contributes to the positive impact of construction for its customers and society. Operations include building and infrastructure project contracting, asphalt and stone materials production and commercial property development. In 2022, NCC had sales of about SEK 54 bn and 12,500 employees.
