Nordecon Group Signs Major Construction Deal with Lidl
Nordecon Group Secures Contract for Lidl Store Construction
Embach Ehitus OÜ, part of the Nordecon group, has made a significant leap by signing a contract to construct a Lidl store. This development is located in Viljandi, on Riia 1, and represents a total project value of 4.81 million euros, excluding VAT. The project is set to enhance Lidl's footprint in the region and is expected to be completed by October 2025, marking a notable addition to both the company's and the city's landscape.
About Nordecon Group
Nordecon is a multifaceted construction company known for its comprehensive project management and general contracting capabilities across various sectors including residential, commercial, and infrastructural projects. The group operates not only in Estonia but also extends its services to Ukraine and Sweden, showcasing its geographical diversity and commitment to delivering high-quality construction solutions.
Financial Performance and Workforce
In the most recent fiscal year, Nordecon group's consolidated revenue reached an impressive 278 million euros, underscoring its robust market presence and operational efficiency. The company prides itself on a skilled workforce, currently employing close to 440 professionals dedicated to achieving excellence in every project they undertake.
Commitment to Quality and Innovation
Nordecon is committed to quality and innovation in construction practices. Their continuous investment in the latest technology and standards aims to address the evolving demands of the construction industry, ensuring that projects are not just completed to specification, but also contribute positively to the environment and community.
Company Leadership and Contact Information
Andri Hõbemägi, the Head of Investor Relations at Nordecon AS, plays a pivotal role in maintaining transparency and communication with stakeholders. For inquiries, he can be reached at +372 6272 022 or via email at andri.hobemagi@nordecon.com. Nordecon is active in maintaining its online presence through its official website at www.nordecon.com, where updates about ongoing projects can be found.
Frequently Asked Questions
What is the value of the contract for the Lidl store?
The contract for constructing the Lidl store is valued at 4.81 million euros, excluding VAT.
When is the completion date for the Lidl store project?
The expected completion date for the Lidl store project is October 2025.
Where is the Lidl store being constructed?
The Lidl store is being constructed on Riia 1 in Viljandi.
What types of projects does Nordecon Group handle?
Nordecon Group specializes in construction project management and general contracting for various sectors, including residential and commercial developments.
Who can I contact for investor relations at Nordecon?
For investor relations inquiries, you can contact Andri Hõbemägi at +372 6272 022 or via email at andri.hobemagi@nordecon.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
