NYAB is a construction company mainly focused on sustainable infrastructure and renewable energy projects in the north of Sweden and Finland. Typical projects include roads, railways, bridges, wind and solar power, and power grids. NYAB assumed its current form in the spring of 2022 through its merger with the Finnish Skarta Group. In 2024, the company moved its headquarters to Luleå and relisted its shares on the First North Premier Growth Market Stockholm, after previously being listed in Finland.
The key concern for NYAB is managing the risks taken in projects: earnings risk being burdened by write downs if projects unexpectedly grow in scope and/or complexity, leading to higher costs. There are also general risks of margin contractions in strong markets, if subcontractors raise prices faster than expected. Other risks include (but are not limited to) those associated with M&A execution, a softer construction market, financial leverage, below-expectation performance in acquired units post-acquisition, overall cost inflation, and employee retention.