Accounting history as related to new segment structure

Earlier this year, Veidekke announced its decision to split the group’s Swedish operations into the two units Construction Sweden and Infrastructure Sweden. The change is part of Veidekke's strategy as a streamlined contractor and ensures an efficient organisation with a focus on operations and a shorter distance from management to projects. The two operational  areas are headed by Charlotta Nilsén and Marcus C Nilsson – both part of Veidekke's group management team.

As a result of the organisational change, Veidekke will change the group’s segment reporting and, from the third quarter 2021 forward, information about the group’s Swedish operations will be reported as Construction Sweden and Infrastructure Sweden, respectively.

An overview of main items in the income statement, balance sheet, cash flow and order backlog in accordance with the new segment structure is attached to this report.

Veidekke will report third quarter results on 11 November 2021.

For more information, contact:
Jørgen Wiese Porsmyr, CFO, email: Jorgen-Wiese.Porsmyr@veidekke.no, tel. + 47 907 59 058

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Veidekke is one of Scandinavia's largest contractors. In addition to undertaking all types of building and civil engineering assignments, the group also maintains roads and produces asphalt and aggregates. Veidekke emphasises stakeholder involvement and local experience. Its annual turnover is approximately NOK 38 billion, and half of its 8,100 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange, and has posted a profit every year since its inception in 1936.

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Historical financial information per Q2 2021 xlsx