NCC Danmark A/S Due Diligence

Run due diligence on NCC Danmark A/S: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by Independent (Denmark) · ncc.dk · 9 vendors

NCC is one of Denmark's largest construction and civil engineering companies, building and renovating homes, offices, schools, hospitals, roads, bridges, and infrastructure. The Danish entity operates as part of the Nordic NCC Group, offering services spanning construction, renovation, transformation, and infrastructure projects. NCC also develops and leases residential and commercial properties across Denmark.

Resilience scores

Digital Sovereignty: 11
Digital Resilience: 8
Financial Resilience: 7

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Insights

Last updated 2026-09-13 · revision 4

9 direct vendors, 153 subvendors

Direct vendors by controlling owner country (sample)

United States: 8
Denmark: 1

Subvendors by controlling owner country (sample)

Czech Republic: 1
Norway: 2
Denmark: 1

Compliance

10 in-scope frameworks identified; showing 3.

Financials

Three-year financials

2025: revenue DKK 7.26B, EBIT DKK 380M, equity DKK 538M
2024: revenue DKK 6.58B, EBIT DKK 386M, equity DKK 541M
2023: revenue DKK 6203B, EBIT DKK 354B, equity DKK 566B

Financial Resilience Score: 7/10

NCC Danmark A/S benefits significantly from being part of NCC AB, a large listed Nordic construction group with approximately SEK 56 billion in revenue and around 11,500 employees. The parent group has strong liquidity, supported by a green-bond financing programme (SEK 1.25 bn issued 2024) and an active share repurchase programme, which provides meaningful financial backing to the Danish subsidiary. The Danish entity's activities are well-diversified across building, renovation/transformation, infrastructure (foundations, district heating, water treatment, high-voltage substations), and asphalt/stone materials. This reduces dependence on any single construction segment. Recent contract wins with Energinet (~DKK 130M), Himmerland Boligforening (~DKK 150M), and various public water/wastewater and road projects indicate a strong pipeline of counter-cyclical public-sector work. However, the company faces meaningful headwinds. The Danish residential new-build market has been weak since 2022-2023 due to rising interest rates and construction-cost inflation, pressuring margins across Nordic contractors. Fixed-price construction contracts also expose NCC to project-execution risk and potential write-downs, and the business is working-capital intensive with strong competition from Per Aarsleff, MT Højgaard, and Zublin.

Key strengths: Parent-group backing from NCC AB (SEK 56B revenue, ~11,500 employees), Green-bond financing programme (SEK 1.25B issued 2024), Diversified Danish activities across building, infrastructure, and asphalt, Recurring public-sector work (Energinet, housing associations, water/wastewater), Sustainability positioning aligned with EU/Danish procurement rules (DGNB Gold, Nordic Swan, timber, low-CO2 asphalt), Rotation toward public infrastructure and energy transition projects in 2025-2026 order book

Risk factors: Cyclical Danish construction market with weak residential new-build since 2022-2023, Fixed-price contract exposure creating project-execution and write-down risk, Working-capital intensity typical of large-project contracting, Strong competition from Per Aarsleff, MT Højgaard, Zublin and other Nordic contractors, Interest rate and construction-cost inflation pressuring margins

Revenue by geography

Denmark: 100%

Workforce by country

Denmark: 2250

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