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Endur ASA

Contract award Repstad

By 06.09.2024No Comments

06 September 2024 – Repstad Anlegg AS (“Repstad”), a wholly owned subsidiary of Endúr ASA (“Endúr”), has been awarded a material new contract for EIFFAGE Gènie Civil (“Eiffage”), worth a total of approximately NOK 500 million.

Repstad has today been awarded a contract with the French construction company Eiffage, worth an estimated NOK 500 million in revenues. Eiffage was previously awarded the main contract for The Norwegian Public Roads Administration (“Statens Vegvesen”) to build a new section of the E18-E39 motorway in Kristiansand (Gartnerløkka – Kolsdalen) in Norway. Repstad will act as sub-contractor for Eiffage.

The scope of the work to be carried out includes; groundworks for roads and bridges, redirection and establishment of water and sewage facilities, and redirection and construction of new railway lines. Repstad’s works are expected to commence immediately, with an estimated building period of 5 years. Repstad has conducted several similar projects, with both the scope of work and the contract format being well known, and has previously completed a contract directly for SVV for the project’s preliminary works.

“This project provides a solid platform for long-term continuity and increased activities in a geographical area where Repstad already has a strong presence”, says Bernt Olav Holen, General Manager of Repstad. “This contract underlines Endur’s competitive strength and highlights the promising potential of our market segments, further contributing to an already growing order backlog”, adds Jeppe Raaholt, CEO of Endur.

(ENDS)

For further information, please contact:

Media
Bernt Olav Holen, General Manager of Repstad, tel: +47 906 70 156
Jeppe Raaholt, CEO of Endúr, tel: +47 976 69 759

Investors
Einar Olsen, CFO of Endúr, tel: +47 924 01 787