A message from the CEO
Sustainable value creation
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54,730
Orders received (SEK M)
-
61,609
Net sales (SEK M)
-
2,032
Operating profit (SEK M)
Financial targets and outcome
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Earnings per share, SEK
Outcome 2024
16.1
Target 2024
≥16
-
Corporate net debt /EBITDA, times
Corporate net debt/EBITDA, times
Corporate net debt excludes pension debt and lease liability.Outcome 2024
-0.1
Target 2024
<2.5
-
Dividend policy, %
Percent of earnings to be distributed to shareholders according to dividend proposal. The Board of Directors has proposed an ordinary dividend of SEK 9 per share and a extra dividend of SEK 2 per share for 2024.Outcome 2024
68
Policy
≈60
Sustainability targets and outcome
Health and Safety
-
-
LTIF4
Work-related accidents resulting in more than four calendar days of absence per million working hours.Outcome 2024
3.3
Target 2026
≤2.0
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Climate and energy, %
-
-
Scope 1 & 2
Target: 60-percent reduction in CO2e1) (Scope 1 & 2) by 2030 (base year 2015), measured as tons of CO2e/SEK M.
Outcome 2024: Emission intensity amounted to 1.9 tons CO2e/SEK M, corresponding to a reduction of 64 percent compared with 2015.
1) Carbon dioxide equivalents, i.e. GHG emissions expressed as the equivalent amount of carbon dioxide.Outcome 2024
-64
Target 2030
-60
-
-
-
Scope 3
Relates to sub-set of ready-mix concrete, steel reinforcement and internally purchased asphalt.
Target 2030
-50
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Ready-mix concrete Outcome 2024
-22
-
Asphalt Outcome 2024
-23
-
Steel reinforcement Outcome 2024
-57
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Transportation Outcome 2024
+33
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-
Strategic direction
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Act in accordance with our Star behaviors
Achieving NCC's strategic goals requires a culture with consistent and clear behaviors that create the right conditions within the company and make it possible to achieve our business goals.
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Data-informed decision making
NCC generates large amounts of data, and effective knowledge sharing requires structured and easily accessible information. This enables better utilization of the group's collective knowledge, making data-informed decisions, and thereby increasing customer value, productivity, and competitiveness.
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A future-proof IT structure
A modern and future-proof IT environment to enable efficient work and increased digitalization.
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Industry-leading expertise
NCC aims to be a leader in expertise within the construction process. This requires NCC to attract, retain, and develop employees and continuously sharpen our skills in key knowledge areas.
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Integrate the supply chain
By integrating procurement and supply chains into NCC's projects, we can maximize supplier expertise, improve procurement processes, and optimize resource utilization. This strengthens collaboration, increases efficiency, and ensures high-quality deliveries on time and within budget.
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Best in cost management
Managing project costs effectively from start to finish is crucial for delivering value to customers and creating long term competitiveness. This requires a comprehensive understanding of customer value, careful planning, good risk management, and clear cost control.
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Create good business
NCC sees great value in involving customers early in the construction process. NCC meets customers' varying demands by adapting sales and bidding processes locally, while centrally supporting these with training and knowledge sharing. An example is the new business area NCC Green Industry Transformation, which supports customers in the major industrial transformation in the Nordics.
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Leverage our expertise
NCC further develops its expertise in specific areas to create unique positions and increase customer value. Examples include hospitals, swimming pools, and water treatment plants. NCC also focuses on sharing this expertise throughout the company.
Focus Areas
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Act in accordance with our Star behaviors
Achieving NCC's strategic goals requires a culture with consistent and clear behaviors that create the right conditions within the company and make it possible to achieve our business goals.
-
Data-informed decision making
NCC generates large amounts of data, and effective knowledge sharing requires structured and easily accessible information. This enables better utilization of the group's collective knowledge, making data-informed decisions, and thereby increasing customer value, productivity, and competitiveness.
-
A future-proof IT structure
A modern and future-proof IT environment to enable efficient work and increased digitalization.
-
Industry-leading expertise
NCC aims to be a leader in expertise within the construction process. This requires NCC to attract, retain, and develop employees and continuously sharpen our skills in key knowledge areas.
-
Integrate the supply chain
By integrating procurement and supply chains into NCC's projects, we can maximize supplier expertise, improve procurement processes, and optimize resource utilization. This strengthens collaboration, increases efficiency, and ensures high-quality deliveries on time and within budget.
-
Best in cost management
Managing project costs effectively from start to finish is crucial for delivering value to customers and creating long term competitiveness. This requires a comprehensive understanding of customer value, careful planning, good risk management, and clear cost control.
-
Create good business
NCC sees great value in involving customers early in the construction process. NCC meets customers' varying demands by adapting sales and bidding processes locally, while centrally supporting these with training and knowledge sharing. An example is the new business area NCC Green Industry Transformation, which supports customers in the major industrial transformation in the Nordics.
-
Leverage our expertise
NCC further develops its expertise in specific areas to create unique positions and increase customer value. Examples include hospitals, swimming pools, and water treatment plants. NCC also focuses on sharing this expertise throughout the company.
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.
3.3
NCC’s target is to have an accident frequency rate for LTIF4 (work-related accidents resulting in more than four days of absence per million hours worked) of 2.0 in 2026 with interim targets along the way.)
-64%
Target: 60-percent reduction in CO2e by 2030. Reduction of CO2e/SEK M since 2015. Scope 1 & 2.
Building for the future
NCC is one of the leading construction companies in the Nordics, with operations in Sweden, Denmark, Norway and Finland. In 2024, the operations were divided into six business areas.
- NCC Infrastructure
- NCC Building Nordics
- NCC Building Sweden
- NCC Industry
- NCC Property Development
- NCC Green Industry Transformation
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.
18,105
Net sales (SEK M)
- Net sales share of NCC total
- Average number of employees share of NCC total
NCC Building Nordics
Builds and renovates residential buildings, offices, hotels, healthcare buildings, schools, sports facilities and public buildings for public and private customers in Denmark, Finland and Norway. With advanced skills in sustainability, safety, digitization and partnering, NCC Building Nordics develops projects jointly with customers from the early stages.
13,884
Net sales (SEK M)
- Net sales share of NCC total
- Average number of employees share of NCC total
NCC Building Sweden
Builds and renovates residential buildings, offices, hotels, healthcare buildings, schools, sports facilities and public buildings for public and private customers in Sweden. With advanced skills in sustainability, safety, digitization and partnering, NCC Building Sweden develops projects jointly with customers from the early stages.
14,012
Net sales (SEK M)
- Net sales share of NCC total
- Average number of employees share of NCC total
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 business, which forms a natural supply chain in construction and civil engineering operations in society, is committed to reducing its carbon footprint from the production of asphalt and stone materials.
12,634
Net sales (SEK M)
- Net sales share of NCC total
- Average number of employees share of NCC total
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 with our customers, flexible and customized property solutions are created in growth markets in the Nordic region.
4,853
Net sales (SEK M)
- Net sales share of NCC total
- Average number of employees share of NCC total
Expert competence throughout the entire construction process
During 2024, NCC's 11,800 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.
11,800
Average number of employees 2024
8/10
High employee engagement (from NCC's employee survey)
8.7/10
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 our annual report in it's entirety or separate parts of the report. If you want to download parts, check them below and then click "Download selected parts".
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 2024, NCC had sales of about SEK 62 bn and 11,800 employees. NCC’s shares are listed on Nasdaq Stockholm.
