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Veidekke in 3rd quarter 2012

From the president and CEO:

Third quarter results show Veidekke continuing its positive trend. Construction margins gradually improved, order intake was good, housing sales in Norway were good and revenue growth in the quarter reached 14%. The financial turmoil in Europe as well as European contractors’ focus on the Norwegian market are still contributing, however, to significant competition with pressure on margins, especially on larger construction projects. In Sweden, construction operations are improving, but home buyers remain hesitant.


Board of Directors' report for the third quarter 2012:


              MNOK
KEY FIGURES
(MNOK) *
Q3 2012 Q3 2011 1.1.-30.9. 2012 1.1.-30.9. 2011 Oct. 2011 - Sept. 2012 2011 2010
Operating revenues segment 1) 5 229.4 4 587.1 14 889.2 12 759.1 20 038.6 17 908.5 16 296.4
Earnings before tax segment 1) 273.9 225.1 388.1 545.8 593.6 751.3 589.7
Earnings per share segment 1) 1.5 1.4 2.2 3.3 3.6 4.8 3.3
Profit margin (%) 1) 5.2 4.9 2.6 4.3 3.0 4.2 3.6
Operating revenues IFRS 5 258.5 4 539.1 14 265.4 12 294.9 19 697.8 17 727.3 15 744.9
Earnings before tax IFRS 236.3 220.0 269.3 469.5 547.5 747.7 482.0
Earnings per share IFRS (NOK) 2) 1.3 1.3 1.5 2.9 3.4 4.8 2.6
Net interest-bearing position -2 085 -1 033 -2 085 -1 033 -2 085 -274 -162
Total order backlog 3) 16 154 13 379 16 154 13 379 16 154 14 591 12 183
1)The figures are taken from the segment reporting that provides the most accurate overview of actual activity and earnings in the period.
2) No dilution effect.
3) Order backlog figures for Road Operations and Maintenance segment are from Q4 2011 and order backlog figures for Asphalt are from Q3 2012.
* The comments under highlights and the segment reports relate to figures taken from the segment accounts.



Veidekke's construction operations

Veidekke's property development

Veidekke's industry operations


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