<\/p>\n
Follow<\/span><\/span><\/span><\/button><\/div>\n<\/div>\n\n<\/svg><\/span><\/span>Play Earnings Call<\/span><\/span><\/button><\/svg><\/span><\/span>Play Earnings Call<\/span><\/span><\/button><\/div>\n<\/div>\n\n\n\n\n\nNCC AB (publ) (NCCBF<\/span>) Shareholder\/Analyst Call January 22, 2026 4:00 AM EST<\/p>\n<\/div>\n\nCompany Participants<\/strong><\/p>\nTomas Carlsson – President & CEO<\/span><\/p>\n<\/p><\/div>\n\nConference Call Participants<\/strong><\/p>\nKeivan Shirvanpour – SEB, Research Division<\/span>Stefan Erik Andersson – Danske Bank A\/S, Research Division<\/span><\/p>\n<\/p><\/div>\n\nPresentation<\/strong><\/p>\n\nOperator<\/strong><\/span><\/p>\nLadies and gentlemen, welcome to the NCC Information Meeting. I am Sandra, the Chorus Call operator. [Operator Instructions] The conference is being recorded. [Operator Instructions] At this time, it’s my pleasure to hand over to Tomas Carlsson, President and CEO. You will now be joined into the conference room.<\/p>\n<\/p><\/div>\n\nTomas Carlsson<\/strong><\/span>President & CEO<\/i><\/span><\/p>\nGood morning, everybody, and welcome to this call regarding the information in the press statement that we sent out earlier this morning. And the subject is the impairment charges of approximately SEK 1.4 billion that NCC will do for the fourth quarter of 2025. And it’s in connection with the year that we were working with, the year-end result of the last year that we’ve come to the conclusion that we need to reevaluate mainly property values in the business area Property Development, but also remaining portion of tax — the value of tax assets in Norway following changed principles for how to evaluate that.<\/p>\nIn brief, the background is that the commercial property market has been weak during a long time, and we’ve not seen a recovery on the back of the lowering interest rates there over the last couple of years. We see few signs of improvement and lots of uncertainty when it comes to both transaction and the letting market. And we have made this review in the connection to the year-end closing process. We think this is important because it will create better conditions for sales of the projects in the relative near term. <\/p>\nI think there’s a couple of things<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
NCC AB (publ) (NCCBF<\/span>) Shareholder\/Analyst Call January 22, 2026 4:00 AM EST<\/p>\n<\/div>\n\nCompany Participants<\/strong><\/p>\nTomas Carlsson – President & CEO<\/span><\/p>\n<\/p><\/div>\n\nConference Call Participants<\/strong><\/p>\nKeivan Shirvanpour – SEB, Research Division<\/span>Stefan Erik Andersson – Danske Bank A\/S, Research Division<\/span><\/p>\n<\/p><\/div>\n\nPresentation<\/strong><\/p>\n\nOperator<\/strong><\/span><\/p>\nLadies and gentlemen, welcome to the NCC Information Meeting. I am Sandra, the Chorus Call operator. [Operator Instructions] The conference is being recorded. [Operator Instructions] At this time, it’s my pleasure to hand over to Tomas Carlsson, President and CEO. You will now be joined into the conference room.<\/p>\n<\/p><\/div>\n\nTomas Carlsson<\/strong><\/span>President & CEO<\/i><\/span><\/p>\nGood morning, everybody, and welcome to this call regarding the information in the press statement that we sent out earlier this morning. And the subject is the impairment charges of approximately SEK 1.4 billion that NCC will do for the fourth quarter of 2025. And it’s in connection with the year that we were working with, the year-end result of the last year that we’ve come to the conclusion that we need to reevaluate mainly property values in the business area Property Development, but also remaining portion of tax — the value of tax assets in Norway following changed principles for how to evaluate that.<\/p>\nIn brief, the background is that the commercial property market has been weak during a long time, and we’ve not seen a recovery on the back of the lowering interest rates there over the last couple of years. We see few signs of improvement and lots of uncertainty when it comes to both transaction and the letting market. And we have made this review in the connection to the year-end closing process. We think this is important because it will create better conditions for sales of the projects in the relative near term. <\/p>\nI think there’s a couple of things<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
Company Participants<\/strong><\/p>\nTomas Carlsson – President & CEO<\/span><\/p>\n<\/p><\/div>\n\nConference Call Participants<\/strong><\/p>\nKeivan Shirvanpour – SEB, Research Division<\/span>Stefan Erik Andersson – Danske Bank A\/S, Research Division<\/span><\/p>\n<\/p><\/div>\n\nPresentation<\/strong><\/p>\n\nOperator<\/strong><\/span><\/p>\nLadies and gentlemen, welcome to the NCC Information Meeting. I am Sandra, the Chorus Call operator. [Operator Instructions] The conference is being recorded. [Operator Instructions] At this time, it’s my pleasure to hand over to Tomas Carlsson, President and CEO. You will now be joined into the conference room.<\/p>\n<\/p><\/div>\n\nTomas Carlsson<\/strong><\/span>President & CEO<\/i><\/span><\/p>\nGood morning, everybody, and welcome to this call regarding the information in the press statement that we sent out earlier this morning. And the subject is the impairment charges of approximately SEK 1.4 billion that NCC will do for the fourth quarter of 2025. And it’s in connection with the year that we were working with, the year-end result of the last year that we’ve come to the conclusion that we need to reevaluate mainly property values in the business area Property Development, but also remaining portion of tax — the value of tax assets in Norway following changed principles for how to evaluate that.<\/p>\nIn brief, the background is that the commercial property market has been weak during a long time, and we’ve not seen a recovery on the back of the lowering interest rates there over the last couple of years. We see few signs of improvement and lots of uncertainty when it comes to both transaction and the letting market. And we have made this review in the connection to the year-end closing process. We think this is important because it will create better conditions for sales of the projects in the relative near term. <\/p>\nI think there’s a couple of things<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
Tomas Carlsson – President & CEO<\/span><\/p>\n<\/p><\/div>\n\nConference Call Participants<\/strong><\/p>\nKeivan Shirvanpour – SEB, Research Division<\/span>Stefan Erik Andersson – Danske Bank A\/S, Research Division<\/span><\/p>\n<\/p><\/div>\n\nPresentation<\/strong><\/p>\n\nOperator<\/strong><\/span><\/p>\nLadies and gentlemen, welcome to the NCC Information Meeting. I am Sandra, the Chorus Call operator. [Operator Instructions] The conference is being recorded. [Operator Instructions] At this time, it’s my pleasure to hand over to Tomas Carlsson, President and CEO. You will now be joined into the conference room.<\/p>\n<\/p><\/div>\n\nTomas Carlsson<\/strong><\/span>President & CEO<\/i><\/span><\/p>\nGood morning, everybody, and welcome to this call regarding the information in the press statement that we sent out earlier this morning. And the subject is the impairment charges of approximately SEK 1.4 billion that NCC will do for the fourth quarter of 2025. And it’s in connection with the year that we were working with, the year-end result of the last year that we’ve come to the conclusion that we need to reevaluate mainly property values in the business area Property Development, but also remaining portion of tax — the value of tax assets in Norway following changed principles for how to evaluate that.<\/p>\nIn brief, the background is that the commercial property market has been weak during a long time, and we’ve not seen a recovery on the back of the lowering interest rates there over the last couple of years. We see few signs of improvement and lots of uncertainty when it comes to both transaction and the letting market. And we have made this review in the connection to the year-end closing process. We think this is important because it will create better conditions for sales of the projects in the relative near term. <\/p>\nI think there’s a couple of things<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
Conference Call Participants<\/strong><\/p>\nKeivan Shirvanpour – SEB, Research Division<\/span>Stefan Erik Andersson – Danske Bank A\/S, Research Division<\/span><\/p>\n<\/p><\/div>\n\nPresentation<\/strong><\/p>\n\nOperator<\/strong><\/span><\/p>\nLadies and gentlemen, welcome to the NCC Information Meeting. I am Sandra, the Chorus Call operator. [Operator Instructions] The conference is being recorded. [Operator Instructions] At this time, it’s my pleasure to hand over to Tomas Carlsson, President and CEO. You will now be joined into the conference room.<\/p>\n<\/p><\/div>\n\nTomas Carlsson<\/strong><\/span>President & CEO<\/i><\/span><\/p>\nGood morning, everybody, and welcome to this call regarding the information in the press statement that we sent out earlier this morning. And the subject is the impairment charges of approximately SEK 1.4 billion that NCC will do for the fourth quarter of 2025. And it’s in connection with the year that we were working with, the year-end result of the last year that we’ve come to the conclusion that we need to reevaluate mainly property values in the business area Property Development, but also remaining portion of tax — the value of tax assets in Norway following changed principles for how to evaluate that.<\/p>\nIn brief, the background is that the commercial property market has been weak during a long time, and we’ve not seen a recovery on the back of the lowering interest rates there over the last couple of years. We see few signs of improvement and lots of uncertainty when it comes to both transaction and the letting market. And we have made this review in the connection to the year-end closing process. We think this is important because it will create better conditions for sales of the projects in the relative near term. <\/p>\nI think there’s a couple of things<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
Keivan Shirvanpour – SEB, Research Division<\/span>Stefan Erik Andersson – Danske Bank A\/S, Research Division<\/span><\/p>\n<\/p><\/div>\n\nPresentation<\/strong><\/p>\n\nOperator<\/strong><\/span><\/p>\nLadies and gentlemen, welcome to the NCC Information Meeting. I am Sandra, the Chorus Call operator. [Operator Instructions] The conference is being recorded. [Operator Instructions] At this time, it’s my pleasure to hand over to Tomas Carlsson, President and CEO. You will now be joined into the conference room.<\/p>\n<\/p><\/div>\n\nTomas Carlsson<\/strong><\/span>President & CEO<\/i><\/span><\/p>\nGood morning, everybody, and welcome to this call regarding the information in the press statement that we sent out earlier this morning. And the subject is the impairment charges of approximately SEK 1.4 billion that NCC will do for the fourth quarter of 2025. And it’s in connection with the year that we were working with, the year-end result of the last year that we’ve come to the conclusion that we need to reevaluate mainly property values in the business area Property Development, but also remaining portion of tax — the value of tax assets in Norway following changed principles for how to evaluate that.<\/p>\nIn brief, the background is that the commercial property market has been weak during a long time, and we’ve not seen a recovery on the back of the lowering interest rates there over the last couple of years. We see few signs of improvement and lots of uncertainty when it comes to both transaction and the letting market. And we have made this review in the connection to the year-end closing process. We think this is important because it will create better conditions for sales of the projects in the relative near term. <\/p>\nI think there’s a couple of things<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
Presentation<\/strong><\/p>\n\nOperator<\/strong><\/span><\/p>\nLadies and gentlemen, welcome to the NCC Information Meeting. I am Sandra, the Chorus Call operator. [Operator Instructions] The conference is being recorded. [Operator Instructions] At this time, it’s my pleasure to hand over to Tomas Carlsson, President and CEO. You will now be joined into the conference room.<\/p>\n<\/p><\/div>\n\nTomas Carlsson<\/strong><\/span>President & CEO<\/i><\/span><\/p>\nGood morning, everybody, and welcome to this call regarding the information in the press statement that we sent out earlier this morning. And the subject is the impairment charges of approximately SEK 1.4 billion that NCC will do for the fourth quarter of 2025. And it’s in connection with the year that we were working with, the year-end result of the last year that we’ve come to the conclusion that we need to reevaluate mainly property values in the business area Property Development, but also remaining portion of tax — the value of tax assets in Norway following changed principles for how to evaluate that.<\/p>\nIn brief, the background is that the commercial property market has been weak during a long time, and we’ve not seen a recovery on the back of the lowering interest rates there over the last couple of years. We see few signs of improvement and lots of uncertainty when it comes to both transaction and the letting market. And we have made this review in the connection to the year-end closing process. We think this is important because it will create better conditions for sales of the projects in the relative near term. <\/p>\nI think there’s a couple of things<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
Operator<\/strong><\/span><\/p>\nLadies and gentlemen, welcome to the NCC Information Meeting. I am Sandra, the Chorus Call operator. [Operator Instructions] The conference is being recorded. [Operator Instructions] At this time, it’s my pleasure to hand over to Tomas Carlsson, President and CEO. You will now be joined into the conference room.<\/p>\n<\/p><\/div>\n\nTomas Carlsson<\/strong><\/span>President & CEO<\/i><\/span><\/p>\nGood morning, everybody, and welcome to this call regarding the information in the press statement that we sent out earlier this morning. And the subject is the impairment charges of approximately SEK 1.4 billion that NCC will do for the fourth quarter of 2025. And it’s in connection with the year that we were working with, the year-end result of the last year that we’ve come to the conclusion that we need to reevaluate mainly property values in the business area Property Development, but also remaining portion of tax — the value of tax assets in Norway following changed principles for how to evaluate that.<\/p>\nIn brief, the background is that the commercial property market has been weak during a long time, and we’ve not seen a recovery on the back of the lowering interest rates there over the last couple of years. We see few signs of improvement and lots of uncertainty when it comes to both transaction and the letting market. And we have made this review in the connection to the year-end closing process. We think this is important because it will create better conditions for sales of the projects in the relative near term. <\/p>\nI think there’s a couple of things<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
Ladies and gentlemen, welcome to the NCC Information Meeting. I am Sandra, the Chorus Call operator. [Operator Instructions] The conference is being recorded. [Operator Instructions] At this time, it’s my pleasure to hand over to Tomas Carlsson, President and CEO. You will now be joined into the conference room.<\/p>\n<\/p><\/div>\n
Tomas Carlsson<\/strong><\/span>President & CEO<\/i><\/span><\/p>\nGood morning, everybody, and welcome to this call regarding the information in the press statement that we sent out earlier this morning. And the subject is the impairment charges of approximately SEK 1.4 billion that NCC will do for the fourth quarter of 2025. And it’s in connection with the year that we were working with, the year-end result of the last year that we’ve come to the conclusion that we need to reevaluate mainly property values in the business area Property Development, but also remaining portion of tax — the value of tax assets in Norway following changed principles for how to evaluate that.<\/p>\nIn brief, the background is that the commercial property market has been weak during a long time, and we’ve not seen a recovery on the back of the lowering interest rates there over the last couple of years. We see few signs of improvement and lots of uncertainty when it comes to both transaction and the letting market. And we have made this review in the connection to the year-end closing process. We think this is important because it will create better conditions for sales of the projects in the relative near term. <\/p>\nI think there’s a couple of things<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
Good morning, everybody, and welcome to this call regarding the information in the press statement that we sent out earlier this morning. And the subject is the impairment charges of approximately SEK 1.4 billion that NCC will do for the fourth quarter of 2025. And it’s in connection with the year that we were working with, the year-end result of the last year that we’ve come to the conclusion that we need to reevaluate mainly property values in the business area Property Development, but also remaining portion of tax — the value of tax assets in Norway following changed principles for how to evaluate that.<\/p>\n
In brief, the background is that the commercial property market has been weak during a long time, and we’ve not seen a recovery on the back of the lowering interest rates there over the last couple of years. We see few signs of improvement and lots of uncertainty when it comes to both transaction and the letting market. And we have made this review in the connection to the year-end closing process. We think this is important because it will create better conditions for sales of the projects in the relative near term. <\/p>\n
I think there’s a couple of things<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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