Starting from 01 September 2015, Magnus Velling has been appointed as the second board member of Nordecon Betoon OÜ, a subsidiary of Nordecon AS. Magnus Velling has been with the company since 2012 as head of division and has graduated from the faculty of civil engineering of Tallinn University of Technology.
The chairman of the two-member board of Nordecon Betoon OÜ is Mait Rõõmusaar.
Nordecon is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, Ukraine and Finland. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. In addition to the parent company, there are more than 10 subsidiaries in the Group. The consolidated revenue of the Group in 2014 was 161 million euros and net profit 2.3 million euros. Currently Nordecon Group employs close to 700 people. Since 18 May 2006 the company's shares have been quoted in the main list of the NASDAQ OMX Tallinn Stock Exchange.
Andri Hõbemägi
Nordecon AS
Head of Investor Relations
Tel: +372 6272 022
Email: andri.hobemagi@nordecon.com
www.nordecon.com