Veidekke: Accounting history linked to the new segment structure

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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: [email protected], tel. +
47 907 59 058

Veidekke press photos  (https://veidekke.fotoware.cloud/fotoweb/archives/5028
-Pressebilder-Veidekke/)

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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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© Oslo Bors ASA, source Oslo Stock Exchange


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