Audited annual report 2017 and profit allocation proposal

The council of Nordecon AS approved on 18 April 2018 the consolidated audited annual report and profit allocation proposal for the year 2017. The council decided to present the annual report and profit allocation proposal as prepared by the management for the approval of the general meeting of shareholders.

Nordecon AS shareholders’ net profit of the 2017 financial year is 1,388 thousand euros. The balance of retained earnings is 9,698 thousand euros. The management proposes to distribute 0.06 euros per share as dividends and not to make any transfers to the capital reserve. Additionally, according to its decision of 18 April 2018 the council proposed to the general meeting of the shareholders to reduce the share capital by 0.06 euros per share by way of reducing the book value of shares.

The annual report that contains auditor’s report and profit allocation proposal for 2017 is attached to this announcement and made available on Nasdaq Tallinn Stock Exchange’s web page www.nasdaqbaltic.com and Nordecon’s web page www.nordecon.com. The annual report can also be read at location on Pärnu mnt 158/1, Tallinn.

There were no significant adjustments made in audited annual report compared to the preliminary 12 month interim report published on 08 February 2018.

Nordecon (www.nordecon.com) 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, Finland and Sweden. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. The consolidated revenue of the Group in 2017 was 231 million euros. Currently Nordecon Group employs close to 740 people. Since 18 May 2006 the company's shares have been quoted in the main list of the NASDAQ Tallinn Stock Exchange.

Andri Hõbemägi
Nordecon AS
Head of Investor Relations
Tel: +372 6272 022
E-mail: andri.hobemagi@nordecon.com
www.nordecon.com

Attachment

• Nordecon_Annual_report_2017