Nordecon AS signed a contract with AS Riigi Kinnisvara for the reconstruction works of Ugala theatre building in Viljandi. During the works in this building with 10,000 sqm space the main hall with 500 seats will be renovated, the large rehearsal hall will be rebuilt into black box type hall with 200 seats, façade will be renewed, interior renovated, all stage technology systems replaced and land plot reconditioned.
The value of the works with reserve is 7.85 million euros, excluding VAT. The reconstruction works will be completed in 13 months.
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