Nordec to deliver steel structures for the redevelopment of Modo Hockey’s training centre in Sweden

Nordec has been commissioned by the Municipality of Örnsköldsvik, with REKAB as main contractor, to design, manufacture and install the steel frame for a new 6,500 m² Multisporthall (12 m high, ~400 seats) and to renew the roof structure of the adjacent Modo Hall training arena used by top‑league club Modo Hockey. The combined complex will exceed 160 metres in length, feature roof trusses spanning up to 45 metres to create large open indoor areas, and is scheduled for completion in spring 2026 with production carried out at Nordec’s Finland and Poland units. The award reinforces Nordec’s project pipeline in Nordic sports infrastructure and leverages its Nordic/CEE manufacturing footprint; the company reported 2024 revenue of EUR 287.3m and EBITDA of EUR 21.9m.

Analysis

Nordec has been awarded a municipal contract, with REKAB as main contractor, to design, manufacture and install the steel frame for a new 6,500 m² Multisporthall (12 m height, ~400 seats) and to renew the roof structure of the adjacent Modo Hall; work on Modo Hall began earlier this autumn and the combined complex (over 160 m length) is scheduled for completion in spring 2026. The scope includes full structural design, load-bearing roof sheets, hollow-core slabs and sandwich panels for the Multisporthall and replacement roof trusses and sheeting for Modo Hall, with production allocated to Nordec’s Finland and Poland units. This award leverages Nordec’s Nordic/CEE manufacturing footprint and reinforces its infrastructure project pipeline, complementing the company’s reported 2024 revenue of EUR 287.3 million and EBITDA of EUR 21.9 million, while external sentiment on the news is mildly positive with limited market-impact. Key uncertainties are the undisclosed contract value and potential execution or schedule risk across multiple production sites; investors should therefore track contract economics, orderbook updates and on-site progress as primary indicators of any revenue or margin uplift from this project.

Key Decisions for Investors

• Investors should monitor Nordec disclosures for the contract value and expected margins for the Modo/Multisporthall project and reprice exposure only once economic impact is quantified
• Watch construction milestones and any delay notices through 2026—smooth execution using Finland/Poland production capacity would support confidence in operational delivery and incremental backlog conversion
• Given the mild positive sentiment and the company's 2024 revenue/EBITDA scale, maintain a neutral stance until further orderbook or margin evidence emerges, but consider increasing exposure if Nordec reports multiple similar wins or material margin improvement