Strategy
The main objectives of the strategic activity plan for 2010-2013 adopted by the council of Nordecon AS on 10 September 2010:
- to finalise the significant changes in the structure and management of the group started in 2009 with the aim of ensuring profitable and quick growth in the economic growth phase of the market;
- in Latvia, Lithuania and Belarus we act in a project-based manner, provided it is profitable;
- in Ukraine we will continue pursuant to the same strategy regarding buildings in 2010 and as to the future we will make a decision based on the economic situation of the country at the latest in the 1st quarter of 2011;
- we will ensure readiness to re-start a more active operation as a main contractor in the present foreign markets as soon as the situation on the construction market becomes supportive;
- to enter the Finnish market of concrete works as a contractor through subsidiaries, to support the continuous development of the area;
- the leading motive of the strategic activity plan for the period of 2010-2013 is to react flexibly and quickly to the changes of the market and to make a successful entry to the next period of economic growth;
The leading motive of the strategic activity plan for the period of 2010-2013 is “To react flexibly and quickly to the changes of the market and to make a successful entry to the next period of economic growth”.
Nordecon’s turnover increased in Q1 by more than a quarter when compared to the previous year
10. may 2012The sales revenue of Nordecon AS amounted to 22.5 million euros in Q1 of 2012, which is 27% more on the year-over-year basis. The group recorded gross profit of 36,000 euros in Q1, which means year-over-year improvement of approximately 109,000 euros. The volume of the contracts portfolio and continuous rise in the efficiency of the construction activities allows the group to see the remaining year with moderate optimism.
Nordecon signed a contract with Selvaag Sakala for the construction of an office building in Tallinn city centre
09. may 2012Nordecon AS and Selvaag Sakala OÜ, a subsidiary of the Norwegian real estate group Selvaag Gruppen, signed a contract for the construction of an office building in Tallinn city centre, at Kentmanni 4/Sakala 10. The cost of construction work will be approximately 4.3 million euros.
Nordecon receives award for world’s best metal roof at trade fair
12. april 2012At the Eesti Ehitab 2012 trade fair today, Detlef Strauch, Secretary-General of the International Federation for the Roofing Trade, presented Nordecon AS with the award for its construction of the best metal roof in the world – that of the Ahhaa Science Centre.
Composition of the Management Board of Nordecon AS to change
10. april 2012With a view to enhancing the management structure of the Nordecon group and regulating the management of the core business, the Chairman of the Supervisory Board of Nordecon AS will propose, at the regular meeting of the Supervisory Board to be held on 30 April 2012, to change the composition of the Management Board of Nordecon AS.