Company Overview - Nordecon is a group of construction companies focused on construction project management and general contracting in the buildings and infrastructures segment [2] - The group operates in Estonia, Ukraine, and Sweden, with its parent company, Nordecon AS, registered in Tallinn, Estonia [2] - In 2025, the consolidated revenue of Nordecon Group was 208 million euros [2] - The company currently employs approximately 430 people [2] - Nordecon's shares have been listed on the main list of the Nasdaq Tallinn Stock Exchange since 18 May 2006 [2] Management Changes - As of 25 March 2026, Priit Luman has been recalled from the management boards of Eurocon OÜ and Swencn AB, which are subsidiaries of Nordecon AS [1] - Richard Reiles has been appointed as the new management board member of Eurocon OÜ [1] - Helin Kikerpill has been appointed as the new management board member of Swencn AB [1]

Core Viewpoint - Swencn AB, part of the Nordecon AS group, has settled a legal dispute with a private client regarding a residential development project in Stockholm, resulting in a payment of 70.330 million Swedish krona (approximately 6.5 million euros) [1][2][3]. Group Overview - Nordecon AS is a group of construction companies focused on construction project management and general contracting in the buildings and infrastructures segment, operating in Estonia, Ukraine, and Sweden [4]. - The consolidated revenue of Nordecon Group in 2025 was 208 million euros, and the group employs approximately 430 people [4]. - Nordecon AS has been listed on the main list of the Nasdaq Tallinn Stock Exchange since May 18, 2006 [4]. Legal Proceedings and Settlement - Swencn AB unilaterally terminated a contract in June 2020 due to disputes, leading to prolonged legal proceedings with a private client [1][2]. - The legal position of Swencn AB was assessed as weak due to the stronger legal protection afforded to private individuals under Swedish law, prompting the company to seek a settlement [2]. - The settlement agreement stipulates a long-term payment schedule, which will not materially impact the group's liquidity but will negatively affect the financial results for the financial year 2026 [3].

Group 1 - Ahto Aruväli has been appointed as a new member of the management board of Embach Ehitus OÜ, responsible for leading the North Estonia division [1] - The management board of Embach Ehitus OÜ now consists of three members: Andres Salusaar (Chairman), Peeter Voovere (Head of Sales and Pre-Construction), and Ahto Aruväli [3] - Nordecon AS is a group of construction companies focused on construction project management and general contracting, operating in Estonia, Ukraine, and Sweden [4] Group 2 - Ahto Aruväli holds degrees in building construction and strategic management, and has previous experience on the management boards of multiple construction companies [2] - Nordecon Group reported a consolidated revenue of 208 million euros in 2025 and currently employs approximately 430 people [4]

Core Points - Nordecon AS held its annual general meeting on May 21, 2025, where key decisions regarding the company's financials and governance were made [1][2][3][4][5]. Financial Performance - The consolidated annual report for the financial year 2024 was approved, showing a net profit of 3,827 thousand euros and retained profit from previous periods of 919 thousand euros [2]. - No dividends will be paid to shareholders, and the retained profit will remain undistributed [2]. Governance and Management - KPMG Baltics OÜ was elected as the auditor for the financial year 2025 [3]. - The authorizations of the supervisory board members were extended until May 20, 2030, including Toomas Luman, Andre Luman, Sandor Liive, and Vello Kahro [4]. - Remuneration for supervisory board members was set, with the chairman receiving 13,500 euros per month, the vice-chairman 4,500 euros, and other members 1,500 euros [5]. Company Overview - Nordecon is a group of construction companies focused on construction project management and general contracting, operating in Estonia, Ukraine, and Sweden [6]. - The consolidated revenue for the group in 2024 was 224 million euros, with a workforce of 411 employees [6]. - The company's shares have been listed on the Nasdaq Tallinn Stock Exchange since May 18, 2006 [6].