Market announcement
Nordecon AS
LEI code
48510000D8HSLK854I81
Size of the entity
Large group
Economic activities
Construction
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
18333
Submission date and time
17.03.2026 16:30:00
Content of announcement in Estonian
Title
Swencn AB õigusvaidluse lõpetamise kokkulepe
Message
Nordecon AS kontserni kuuluv ettevõte Swencn AB sõlmis 2018. aasta augustis lepingu elamuarendusprojekti ehitustööde teostamiseks Stockholmi piirkonnas (börsiteade (https://view.news.eu.nasdaq.com/view?id=b5384c5318d76fdeb2c0808d3f3ca9b99&lang= et&src=listed)). Seoses projekti teostuse käigus tekkinud erimeelsustega lõpetas Swencn AB lepingu ühepoolselt juunis 2020. a, millele on järgnenud pikk õigusvaidlus ja läbirääkimised tellijaga. Kuivõrd tellija on eraisik, on tema õiguslik kaitse Rootsis märksa tugevam äriühingu omast, andes Swencn AB'le kohtuvaidluseks nõrga lähtepositsiooni. Pikaaegse kohtuvaidluse vältimiseks ja toetudes kohalike õigusnõustajate soovitustele, on Swencn AB koos Nordecon AS'iga sõlminud tellijaga kompromissi. Kompromissi kohaselt makstakse tellijale 70,330 miljonit Rootsi krooni (hetkekursiga ligikaudu 6,5 miljonit eurot). Summa makstakse välja pikaajalise graafiku alusel ning ei mõjuta kontserni likviidsust. Tehing mõjutab negatiivselt kontserni 2026. aasta majandustulemust. Nordeconi kontsern (www.nordecon.com (http://www.nordecon.com)) hõlmab ettevõtteid, mis on keskendunud hoonete ja rajatiste ehitamise projektijuhtimisele ja peatöövõtule. Geograafiliselt tegutsevad kontserni ettevõtted Eestis, Ukrainas ja Rootsis. Kontserni emaettevõte Nordecon AS on registreeritud ja asub Tallinnas, Eestis. Kontserni 2025. aasta konsolideeritud müügitulu oli 208 miljonit eurot. Nordeconi kontsern annab hetkel tööd ligi 430 inimesele. Alates 18.05.2006 on emaettevõtte aktsiad noteeritud Nasdaq Tallinna Börsi põhinimekirjas. Andri Hõbemägi Nordecon AS Investorsuhete juht Tel: +372 6272 022 Email: [email protected] (mailto:[email protected]) www.nordecon.com (http://www.nordecon.com)
Content of announcement in English
Title
Swencn AB legal dispute agreement
Message
A company belonging to the Nordecon AS group, Swencn AB, entered into a contract in August 2018 for the construction of a residential development project in the Stockholm region (announcement (https://view.news.eu.nasdaq.com/view?id=853888&lang=en)). Due to disputes arising during the execution of the project, Swencn AB unilaterally terminated the contract in June 2020. This was followed by prolonged legal proceedings and negotiations with the client. As the client is a private individual whose legal protection under Swedish law is significantly stronger than that of a commercial entity, Swencn AB's position in potential court proceedings was assessed as weak. To avoid lengthy litigation and based on the recommendations of local legal advisers, Swencn AB, together with Nordecon AS, has entered into a settlement agreement with the client. Under the settlement agreement, Swencn AB will pay the client 70.330 million Swedish krona (approximately 6.5 million euros at the current exchange rate). The settlement amount will be paid according to a long?term payment schedule and will not have a material impact on the Group's liquidity. The settlement will have a negative impact on the Group's financial results for the financial year 2026. Nordecon (www.nordecon.com (http://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, Ukraine and Sweden. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. The consolidated revenue of the Group in 2025 was 208 million euros. Currently Nordecon Group employs close 430 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: [email protected] (mailto:[email protected]) www.nordecon.com (http://www.nordecon.com)