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NCN: Construction contract

Spekuliantai.lt | 2009-08-05 | NASDAQ OMX biržų naujienos | perskaitė: 1292
Raktiniai žodžiai: Nordecon International AS, NCN
NCN: Construction contract

Nordecon International Company Announcement 05.08.2009

Construction contract

Nordecon International AS wholly-owned subsidiary Nordecon Infra AS with AS
Napal as joint bidders and OÜ Paikre signed an agreement for the design and
construction works of closing Rääma waste disposal site in Pärnu town.
Financing is provided by the European Union's Cohesion Fund and OÜ Paikre.

The price of the contract is approximately 54 million kroons (3.5 million
euros) excluding VAT.

As per contract the construction works start in August 2009 and will be
finished by September 2011.


Nordecon International is a group of construction companies whose core business
is general contracting and construction management in the construction of
buildings and infrastructures in Estonia, Latvia, Lithuania and Ukraine. In
addition, in Estonia our companies act as independent contractors in road
construction and maintenance, environmental engineering, the assembly of
reinforced concrete elements, and the performance of cast-on-site concrete
works. The parent of the Group is Nordecon International AS, a company
registered and located in Tallinn, Estonia. In addition to the parent company,
there are more than 20 subsidiaries in the Group. The consolidated revenue of
the Group in 2008 was 3.9 billion kroons (247 million euros) and the
consolidated net profit was 171 million kroons (11 million euros). Nordecon
International Group employs more than 1,100 people. Since 18 May 2006, the
company's shares have been quoted in the main list of the NASDAQ OMX Tallinn
Stock Exchange.

1 euro = 15.6466 kroons


Raimo Talviste
Nordecon International AS
Head of Investor Relations
Tel: +372 615 4445
Email: [email protected]
www.nordecon.com

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