NCC AB plans to halve its office footprint by moving to Bromma in 2027, a strategic shift expected to deliver SEK 50 million in annual cost savings starting in 2028 despite a one-time non-cash charge.
NCC is optimizing its cost structure by relocating its head office from Solna to Bromma, effectively halving its office footprint from 16,000 to 8,000 square meters. While the move triggers a SEK 198 million non-cash charge in Q3 2026 due to remaining lease commitments, the company expects to realize SEK 50 million in annual cost savings starting in 2028. Additionally, the relocation improves the economic occupancy rate of the Hangar 5 property, which NCC partially owns, from 70% to 90%.
No, the SEK 198 million charge recognized in Q3 2026 is a non-cash item and will have no impact on cash flow.
The company expects savings of SEK 25 million in 2027, with the full annual effect of approximately SEK 50 million starting in 2028.
The relocation increases the economic occupancy rate of the Hangar 5 space owned by NCC from 70% to 90%, which helps safeguard the property's value.
Construction firm NCC AB will relocate its headquarters to Bromma in 2027, cutting office space by half to achieve SEK 50 million in annual savings by 2028. The move triggers a SEK 198 million non-cash charge in Q3 2026, though the company notes no impact on cash flow while boosting occupancy rates in its Hangar 5 property.
The company will record a SEK 198 million non-cash charge in Q3 2026, but the move will reduce annual rental costs by SEK 50 million starting in 2028.
No, the SEK 198 million charge related to the remaining lease commitment in Solna is a non-cash item.