English Estonian
Published: 2016-04-28 15:15:00 CEST
Annual Financial Report

Audited annual report 2015 and profit allocation proposal

The council of Nordecon AS approved on 27 April 2016 the consolidated audited annual report and profit allocation proposal for the year 2015. 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 2015 financial year is 179 thousand euros. The balance of retained earnings is 10,791 thousand euros. The management proposes to distribute 923 thousand euros (0.03 euros per share) as dividends and not to make any transfers to the capital reserve. Additionally, according to its decision of 27 April 2016 the council proposed to the general meeting of the shareholders to reduce the share capital by a total of 923 thousand euros (0.03 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 2015 is attached to this announcement and made available on NASDAQ OMX Tallinn Stock Exchange’s web page www.nasdaqomxbaltic.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 11 February 2016.

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, Finland and since 2016 in Sweden. 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 2015 was 145.5 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