Veidekke ASA

Veidekke ASA (OSL:VEI) Veidekke Entreprenør AS has won a contract from Idrettsetaten, the agency in charge of sports in the City of Oslo, for all the ground and concrete work in connection with the rebuilding of Holmenkollbakken, the city's famous landmark ski jump. Value of the contract is NOK 114 million, excluding VAT.

Veidekke ASA (OSL:VEI) Veidekke Entreprenør AS has been awarded the contract for building the Kanalveien housing project in Lillestrøm outside Oslo. The client is the Olav Thon Gruppen represented by Thon Hotellbygg A.S. Covering 23,000 square metres, the building is a turnkey project valued at NOK 280 million excluding VAT.

Veidekke ASA (OSL:VEI) Veidekke's total financial result for the third quarter was NOK 263 million, a somewhat weaker result than for the same quarter last year, due to a devaluation of the shares in Hansa Property Group ASA. - The consolidated operating result is up 8 per cent, totalling NOK 335 million, a result I am very pleased with, says President and CEO of Veidekke ASA, Terje R. Venold. In his opinion, focusing on good operational management is the key to meeting the challenges of the coming decline in the building and construction market.

Veidekke ASA (OSL:VEI) Veidekke Entreprenør AS has signed a contract with the Norwegian Public Roads Administration to build a new public transport junction at Økern in Oslo. The contract price is NOK 231 million excluding VAT. Construction work starts immediately and shall be completed by February 2011.

Veidekke ASA (OSL:VEI) A solid growth in volume and large margins, particularly in construction operations in Norway, played a key role in delivering good profits for Veidekke of NOK 285 million for the quarter (NOK 242 million in the same period last year). "We are satisfied that we have been able to achieve such good results even though the housing market is slow. The main reason is the diversity of our operations and our strong focus on margins on individual projects," says President and CEO Terje R. Venold.

Veidekke ASA (OSL:VEI) Veidekke Entreprenør AS today signed a contract with the Norwegian Public Roads Administration for the construction of the Løren tunnel in Oslo. The value of the contract is NOK 622 million ex. VAT. Construction is expected to commence as soon as September 2008 and is expected to last for five years.

Veidekke ASA (OSL:VEI) Veidekke Entreprenør AS has entered into an agreement with Lahaugmoen AS for the development of Lahaugmoen industrial estate just north of Oslo. The first construction assignment is a new combined building for Sandvik Tamrock AS, a planning and building project with a contractual value of NOK 141 million excluding VAT.

Veidekke ASA Veidekke Entreprenad AB, Bygg Stockholm, has been awarded the contract by Fabege AB to build stage II of the Bocken quarter in central Stockholm (the Lästmakargatan, Norrlandsgatan and Regeringsgatan area).

Veidekke ASA StatoilHydro has awarded a contract for construction work relating to upgrading of the processing facilities at the Kårstø processing plant to Veidekke Entreprenør AS, on behalf of operator Gassco.