Nordecon Secures Major Contract for Kindergarten Construction

Author: Owen Jenkins Updated: 02-12-2025 09:45 AM

Nordecon Group's New Project on the Horizon

AS Nordecon group company Embach Ehitus OÜ has recently signed a significant contract with the local government to build the Kindergarten Punamütsike. This new educational facility reflects the commitment of the Nordecon Group to fostering development in the region.

Project Details and Timeline

The construction contract is valued at 6.37 million euros, excluding VAT, marking a substantial investment in local infrastructure. The duration for completing the project is set for 14 months, indicating a well-structured timeline that emphasizes efficiency and quality.

Nordecon Group's Expertise in Construction

Nordecon is well-respected in the construction industry, specializing in project management and general contracting within various sectors, including buildings and infrastructure. The company has established a strong presence across Estonia, Ukraine, and Sweden, showcasing its ability to manage complex projects successfully.

Financial Performance

The financial standing of the Nordecon Group is impressive, with an unaudited consolidated revenue reaching 224 million euros, demonstrating its robust market position and operational capacity. With around 435 skilled employees, Nordecon continues to play a significant role in providing employment and driving economic growth in the areas it serves.

Looking Ahead

With the commencement of construction at Kindergarten Punamütsike, Nordecon is poised to further solidify its reputation as a leader in the construction sector. The project is expected to support the educational needs of the community, enhancing the learning environment for children in the area.

Investor Relations Contact

For further inquiries regarding the construction project or the company, individuals can reach out to Andri Hõbemägi, the Head of Investor Relations at Nordecon AS. He can be contacted via telephone at +372 6272 022 or through email. Interested parties can also visit the official Nordecon website for additional information.

Frequently Asked Questions

What is the total value of the Kindergarten Punamütsike construction contract?

The project is valued at 6.37 million euros, excluding VAT.

How long will it take to complete the kindergarten's construction?

The works are expected to be completed in a timeline of 14 months.

What type of projects does Nordecon specialize in?

Nordecon is focused on construction project management and general contracting, primarily in buildings and infrastructure.

Where does Nordecon operate?

The company operates in Estonia, Ukraine, and Sweden, demonstrating its international reach.

Who should I contact for more information about Nordecon?

Andri Hõbemägi, the Head of Investor Relations, is available for inquiries by phone or email.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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