Business area Construction

With local roots close to customers business area Con­struction performs contract work for both external and internal customers. Construction projects include everything from new production of housing, public and commercial premises to renovations and extensions as well as construction maintenance.

Operations in business area Construction are run via some 150 local offices around the Nordic area, organized in eleven regions in Sweden, two in Norway and two in Finland. There are three specialized housing production regions in Stockholm, Gothenburg and the Öresund region. Construction maintenance operations are run in a nationwide region primarily focused on the big city areas. Other regions are responsible for all types of construction projects in their geographic area.

Net sales and profit

Net sales for the first quarter 2017 increased by 23 percent and amounted to SEK 6,386 million (5,199). The increase is spread over all regions. The housing production portion continues to grow as well as other building construction for the public sector.

Operating profit for the period amounted to SEK 139 million (116) and the operating margin was unchanged at 2.2 percent. Even the oper­ating margin for the latest 12 month rolling period was unchanged at 2.2 percent compared to the entire year of 2016.

Orders received and order backlog

Orders received increased by eight percent during the period compared to same period last year and amounted to SEK 7,865 million (7,300). Orders received were well diversified in terms of products and geography although there is still a large portion of housing.

Order backlog 31 March 2017 increased to SEK 25,716 million compared with SEK 21,666 million at the end of March 2016.