NCC Annual Report 2020
Our core is construction
NCC is the construction company with the ability to manage the complexity of a construction process from start to finish, creating a positive impact on society and supporting its positive transformation. NCC builds schools, hospitals, roads, bridges, houses, offices and a lot more.

Strategic direction
Our core is construction
NCC is a knowledge-based company whose core is the ability to manage the complexity of a construction process.
Group-wide operational model
How we conduct operations in line with the strategic direction.
Star behaviors
Our corporate values – honesty, trust, respect.
Focus areas
Our purpose
Take the customer through the construction process to a positive end-result for all stakeholders.
Our core
Our foundation is the ability to manage the complexity of a construction process.
Our position
Proactive construction experts realizing complex projects with our customers.
A knowledge-based company
Build a knowledge-based company and a culture based on shared values and behaviors.
IT infrastructure
Invest in IT, digitization and working in a data-informed manner.
Proactivity
Be proactive in relation to the customers in order to manage the complexity of the construction process and utilize and develop our expertise and experience.
Expertise
Utilize our expertise to develop the construction process.
Act with passion to perform
We challenge ourselves and each other to constantly improve and outperform our targets.
Build together
We work actively to ensure effective collaboration internally, in and between units, and together with our customers.
Follow through and follow up
We take data-informed decisions, communicate them clearly and always act on what’s decided.
Act with care
We take responsibility for our actions and use of resources. We mitigate risk and act with integrity to ensure safe, high-quality and sustainable
operations.
Strategic direction
Our core is construction
NCC is a knowledge-based company whose core is the ability to manage the complexity of a construction process.
Our core
Our foundation is the ability to manage the complexity of a construction process.
Our purpose
Take the customer through the construction process to a positive end-result for all stakeholders
Our position
Proactive construction experts realizing complex projects with our customers
Group-wide operational model
How we conduct operations in line with the strategic direction.
A knowledge-based company
Build a knowledge-based company and a culture based on shared values and behaviors.
IT infrastructure
Invest in IT, digitization and working in a data-informed manner.
Proactivity
Be proactive in relation to the customers in order to manage the complexity of the construction process and utilize and develop our expertise and experience.
Expertise
Utilize our expertise to develop the construction process.
Star behaviors
Our corporate values – honesty, trust, respect.
Act with passion to perform
We challenge ourselves and each other to constantly improve and outperform our targets.
Build together
We work actively to ensure effective collaboration internally, in and between units, and together with our customers.
Follow through and follow up
We take data-informed decisions, communicate them clearly and always act on what’s decided.
Act with care
We take responsibility for our actions and use of resources. We mitigate risk and act with integrity to ensure safe, high-quality and sustainable
operations.
A message from the CEO
”We intend to use the strength and expertise of the large, and broad, company to create benefits for all stakeholders.”
Tomas Carlsson
President and CEO
Financial targets and outcomes
Operating margin: ≥4%
Outcome 2020: 2.5%
Annual return on equity after tax: ≥20%
Outcome 2020: 37%
Corporate ned debt: <2.5 x EBITDA
Outcome 2020: –0.03 x EBITDA
Dividend policy: ≥40% of after-tax
profit is to be distributed to shareholders
Outcome 2020: 43 %1)
1) According to the Board of Directors’ motion to the 2021 AGM
51,199
Orders received (SEK M)
53,922
Net sales (SEK M)
1,360
Operating profit (SEK m)
11.68
Earnings per share (SEK)
Building for the future
Based on our expertise in managing complex construction processes, NCC contributes to a positive impact of construction for our customers and society. Operations include commercial property development, building and infrastructure project contracting, and asphalt and stone materials production.
NCC Infrastructure
Builds infrastructure for travel, transportation, energy and water in Sweden, Norway and Denmark. Operations comprise projects of all sizes and encompass solutions ranging from roads, railways, bridges and tunnels to water and sewage treatment, and hydropower and wind power. The business area undertakes earth and groundwork and foundation engineering assignments for all types of buildings.
17,084
Net sales (SEK M)
NCC Building Sweden
Builds and renovates sustainable housing, offices, healthcare buildings, schools, sports facilities and public buildings for public and private customers in Sweden. With advanced skills in sustainability, digitalization and partnering, NCC Building Sweden develops projects jointly with customers from the early stages.
13,375
Net sales (SEK M)
NCC Building Nordics
Builds and renovates sustainable housing, offices, healthcare buildings, schools, sports facilities and public buildings for public and private customers in Denmark, Finland and Norway. Renovation of existing housing and offices has become an increasingly important part of the operations in recent years.
12,134
Net sales (SEK M)
NCC Industry
Offers products and services for construction and infrastructure projects in Sweden, Norway, Denmark and Finland. Operations comprise production of stone materials and asphalt products. These components form a natural supply chain that is well integrated into NCC’s construction and civil engineering operations.
12,528
Net sales (SEK M)
NCC Property Development
Develops, lets and sells commercial and community service properties in growth markets in the Nordic region. Operations are characterized by close cooperation with the customers to create flexible, customized and sustainable workplaces.
2,737
Net sales (SEK M)
NCC develops the construction process – in every project
We create the living, working and infrastructure environments of tomorrow. We develop our employees, implement complex projects and deliver smart, sustainable solutions that address both major and minor challenges.
80,000 vehicles passed the worksite every day
NCC has completed a redevelopment and new construction project to address a challenging traffic situation at the Tingstadmotet interchange in Gothenburg. This complex project, which has been commended for its work-environment efforts, has yielded a positive result.
NCC builds for the healthcare of tomorrow
As one of the largest hospital developers in the Nordic region, we develop cutting-edge healthcare facilities in a technically complex construction project that has to satisfy meticulous requirements. The functions are tested virtually by NCC and the customer right from the start.
Simple reporting of NCC’s own work environment via an app
As part of the NCC’s occupational health and safety efforts, we collect thousands of observations about our work environment through the Synergi app. The data helps us to formulate methods for safer and healthier worksites.
Media
Here is updated news about exciting new projects at NCC.
2023-05-24
NCC to build Granåsen soccer hall in Trondheim
NCC has been commissioned by Trondheim Municipality to build Granåsen soccer hall in Trondheim, Norway. Construction will commence in June 2023 and is scheduled for completion in the end of 2024. The order value is approximately SEK 230 million.
2023-05-09
NCC to refurbish county hospital in Trollhättan
NCC has signed an additional agreement with Västfastigheter for an assignment covering part of the refurbishment and expansion of the operation and surgery ward at Northern Älvsborg County Hospital (NÄL) in Trollhättan. The order value is approximately SEK 150 million.
2023-05-05
NCC to convert Spritfabriken in Eslöv, Sweden, into residential units and offices
In collaboration with Eslövs Bostads AB (Ebo), NCC is to construct residential units and offices in the former distillery (Sw: spritfabrik) in Eslöv, Sweden. The project will strive to reuse as much existing material as possible. In the first phase, the parties have jointly planned and budgeted the project and performed preliminary earthworks, demolition and an inventory of material for reuse. Now the project is transitioning to the construction phase. The order value is approximately SEK 320 million.
Read our annual report
Here you can download the full Annual report, or parts of it and combine them as you wish.