Nordecon Secures €12.6M Tallinn School Construction Contract
Event summary
- Nordecon AS signed a €12.6M contract with Tallinn Property Department for a new school building for children with special needs.
- The project is located in the Põhja-Tallinn district and is scheduled for completion in autumn 2027.
- Nordecon's 2025 consolidated revenue was €208M, with approximately 430 employees.
- The company's shares are listed on the Nasdaq Tallinn Stock Exchange.
The big picture
This contract aligns with Nordecon's core business in construction project management, particularly in the buildings segment. The deal reflects the company's ability to secure public-sector contracts, which could diversify its revenue streams beyond private projects. With a total contract value of €12.6M, this project represents a notable addition to Nordecon's portfolio, especially given its 2025 revenue of €208M.
What we're watching
- Project Execution
- How Nordecon will manage the timeline and budget for this specialized construction project.
- Market Positioning
- Whether this contract signals Nordecon's expansion into more public-sector projects.
- Financial Impact
- The contribution of this contract to Nordecon's revenue growth in 2026 and 2027.
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