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    How Veidekke’s New Sigtuna Care-Standard Housing Contract Could Shape Its Sustainable Strategy (OB:VEI)

    Simply Wall St·12/15/2025 16:12:16
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    • Bonava has contracted Veidekke ASA to build the Visthuset block in Sigtuna, Sweden, a SEK 217 million design-and-build project comprising 91 rental apartments designed to care home standards, scheduled for completion in December 2027.
    • The project strengthens Veidekke’s position in Swedish sustainable housing, targeting Miljöbyggnad 4.0 Silver certification and a 20% lower climate impact than standard apartment buildings.
    • We’ll now examine how this Miljöbyggnad-targeted care home project in a growing Sigtuna district may influence Veidekke’s broader investment narrative.

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    What Is Veidekke's Investment Narrative?

    For Veidekke, the big-picture belief is that a construction group with high-quality earnings, strong return on equity and an experienced board can keep converting a solid Nordic order book into sustainable, if moderate, growth. The recent Visthuset care home project in Sigtuna fits neatly into that story: another medium-sized, sustainability-focused contract that supports Veidekke’s positioning in Swedish housing and adds visibility to revenues through 2027, but is unlikely to move the needle on its own for near-term earnings or the share price after a strong multi‑year run. More relevant short-term catalysts still look like margin development, dividend sustainability and how the new sustainability-linked loan facilities are used. At the same time, a relatively full earnings multiple and a dividend not fully covered by profits remain key watchpoints.

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    Exploring Other Perspectives

    OB:VEI 1-Year Stock Price Chart
    OB:VEI 1-Year Stock Price Chart
    The Simply Wall St Community’s five fair value estimates for Veidekke span NOK160 to about NOK463, underlining how far apart private investors can be. You can weigh those against the recent sustainability-focused contract wins and questions around dividend coverage, which together could influence how comfortably Veidekke keeps delivering on its current profitability profile.

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    Build Your Own Veidekke Narrative

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.