Published: 2020-04-01 11:10:22 CEST
Nordecon
Company Announcement

Construction contract (Barracks in the Defence Forces base in Tapa)

Nordecon AS and the Centre for Defence Investment of Estonia entered into contract for the design and construction works of the barracks for 150 active servicemen in the Defence Forces base in Tapa. The value of the contract is 2.7 million euros plus value added tax. The construction is set to begin in April this year and will be completed in the beginning of 2021.

Nordecon (www.nordecon.com) is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, Sweden, Finland and Ukraine. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. The consolidated unaudited revenue of the Group in 2019 was 234 million euros. Currently Nordecon Group employs close to 690 people. Since 18 May 2006 the company's shares have been quoted in the main list of the NASDAQ Tallinn Stock Exchange.

Andri Hõbemägi
Nordecon AS
Head of Investor Relations
Tel: +372 6272 022
E-mail: andri.hobemagi@nordecon.com
www.nordecon.com