# Nordecon Subsidiary Secures €4.7 Million Cold Storage Construction Contract

- URL: https://stocks.freetheai.org/news/nordecon-subsidiary-secures-4-7-million-cold-storage-construction-contract-82940d
- Published: 2026-10-19T13:30:00Z
- Category: company_news; sentiment: neutral; impact: low
- Symbols: [OMXTSE:NCN1T](https://stocks.freetheai.org/symbols/OMXTSE-NCN1T)
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Nordecon AS (OMXTSE:NCN1T) announced that its subsidiary, Embach Ehitus OÜ, has signed an agreement to construct a new cold storage facility for OÜ Nõo Lihatööstus. The contract is valued at €4.7 million, excluding value-added tax, with project completion slated for September 2027.

The deal adds a defined project to the builder's backlog and provides clearer revenue visibility over the multi-year construction schedule. Winning an industrial client contract highlights ongoing demand in the non-residential sector. Shares of Nordecon AS traded down 1.87% at 0.524 EUR following the announcement.

Investors will be watching for broader backlog growth compared to prior periods, along with future updates regarding contract profit margins and additional commercial project awards.

## Key points

- Nordecon subsidiary Embach Ehitus OÜ signed a contract worth €4.7 million excluding VAT.
- The project involves constructing a cold storage facility for client OÜ Nõo Lihatööstus.
- Construction is scheduled for completion in September 2027.
- The deal provides multi-year revenue visibility and expands non-residential contract backlog.

## Questions and answers

### What contract did Nordecon AS secure?

Nordecon unit Embach Ehitus OÜ signed a €4.7 million contract, excluding VAT, to construct a cold storage facility for OÜ Nõo Lihatööstus.

### When is the Nordecon cold storage project scheduled for completion?

The construction project is scheduled to be completed by September 2027.

### What is the stock ticker and price for Nordecon AS?

Nordecon AS trades under the ticker OMXTSE:NCN1T and was priced at 0.524 EUR, down 1.87% on the day.