Veidekke ASA VEI
Oslo Børs · Industrials · Engineering & Construction
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Annual accounts for Veidekke
| NOK million | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 38,658 | 43,146 | 41,403 | 43,143 |
| EBITDA | 2,474 | 2,565 | 2,870 | 3,239 |
| Net income | 1,092 | 1,069 | 1,261 | 1,553 |
| Balance sheet | ||||
| Equity | 2,972 | 3,052 | 3,304 | 3,678 |
| Total debt | 1,273 | 1,297 | 1,553 | 1,277 |
| Cash | 2,640 | 2,063 | 2,379 | 2,596 |
| Net debt | −1,367 | −766 | −826 | −1,319 |
| Ratios and per share | ||||
| EBITDA margin | 6.4% | 5.9% | 6.9% | 7.5% |
| Profit margin | 2.8% | 2.5% | 3.0% | 3.6% |
| Return on equity | 36.7% | 35.0% | 38.2% | 42.2% |
| Earnings/share (NOK) | 8.09 | 7.92 | 9.34 | 11.51 |
| Book value/share (NOK) | 22.03 | 22.61 | 24.48 | 27.25 |
| Shares outstanding (M) | 135 | 135 | 135 | 135 |
From the annual statements (Yahoo Finance), in the currency the company reports in. Per-share figures use the shares at the year end. Charts and annual figures →
Quarterly figures from the reports
BetaFrom the company's own reports: 49 reports read by AI, every figure checked against the report's page and arithmetic.
Source: the Second quarter 2026 report, page 2, published 2026-08-14.
| Quarter | Revenue | Operating profit | Profit | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q2 2026 | 12,336 | 628 | 522 | 3.70 | … | Second quarter 2026, p. 2 |
| Q1 2026 | 9,654 | 39 | 21 | 0.10 | … | Q1 2026, p. 2 |
| Q4 2025 | 12,124 | 783 | 633 | 4.70 | … | Q4 2025, p. 2 |
| Q3 2025 | 10,655 | 719 | 562 | 4.00 | … | Q3 2025, p. 2 |
| Q2 2025 | 11,327 | 498 | 420 | 2.90 | … | Q2 2025, p. 2 |
| Q1 2025 | 9,036 | −43 | −17 | −0.20 | … | Q1 2025, p. 11 |
| Q4 2024 | 11,489 | 549 | 430 | 3.20 | … | Q4 2024, p. 2 |
| Q3 2024 | 9,656 | 590 | 480 | 3.40 | … | Q3 2024, p. 11 |
| Q2 2024 | 10,780 | 466 | 377 | 2.70 | … | Q2 2024, p. 11 |
| Q1 2024 | 9,478 | 0 | 20 | 0.10 | … | First quarter 2024, p. 2 |
| Q4 2023 | 12,134 | 580 | 474 | 3.50 | … | Fourth quarter 2023, p. 2 |
| Q3 2023 | 10,387 | 603 | 469 | 3.30 | … | Third quarter 2023, p. 2 |
Amounts in NOK million, EPS in NOK. Each quarter as first reported, as a backtest would have seen it. Adjusted EPS (without one-off items) is shown once the one-off items have been checked against the companies' own adjusted figures.
One-off items in the reports
- 2026-03-31 Gain on the sale of a development project in Gothenburg (Construction Sweden), included in the first-quarter profit: +14.0 NOK million (Q1 2026, p. 6)
- 2025-12-31 positive non-recurring effect of NOK 65 million linked to a reduction of the additional purchase price payable for Euromining: +65.0 NOK million (Q4 2025, p. 3)
- 2024-12-31 provisions for severance packages totalling NOK 30 million: +30.0 NOK million (Q4 2025, p. 6)
- 2024-12-31 non-recurring items with a net positive profit impact of NOK 34 million, relating to the sale of development projects and goodwill impairments: +34.0 NOK million (Q4 2025, p. 7)
- 2024-12-31 Depreciation of project, Infrastructure Sweden: −29.0 NOK million (Q4 2024, p. 21)
- 2024-12-31 Development gains, Construction Sweden: +29.0 NOK million (Q4 2024, p. 21)
- 2024-12-31 Depreciation of goodwill, Construction Sweden: −37.0 NOK million (Q4 2024, p. 21)
- 2024-12-31 Restructuring costs, Infrastructure Norway: −32.0 NOK million (Q4 2024, p. 21)
Found by AI and still being validated: hover for the report's own words.
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Extracted by an AI model from the reports and can be wrong. Not investment advice.
Key figures
| P/E | 18.7 |
| P/B | 7.9 |
| EV / EBITDA | 8.6 |
| Net debt / EBITDA | −0.4 |
| Return on equity | 42.2% |
| Profit margin | 3.6% |
| Beta 1Y | 0.17 |
| Revenue growth 1Y | +4.2% |
| Revenue CAGR 3Y | +3.7% |
| Earnings/share CAGR 3Y | +12.4% |
| ROE avg. 3Y | 38.5% |
Ratios use the latest annual report that was public 90 days after the year end.
Dividends per share (NOK)
| 2026 | 11.25 |
| 2025 | 9.00 |
| 2024 | 7.90 |
| 2023 | 7.75 |
| 2022 | 7.00 |
Not investment advice. Figures may contain errors from the data source.