Business area Construction

With local roots close to customers business area Construction performs construction 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 twelve regions in Sweden, three 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 in Sweden 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 2019 increased by three percent and amounted to SEK 6,743 million (6,563). Net sales include a continued increase in the portion of other building construction for both private and public customers.

Operating profit for the period amounted to SEK 156 million (143) and the operating margin increased to 2.3 percent (2.2). The operating margin for the latest 12 month rolling period was unchanged with 2.4 percent compared to the entire year of 2018.

Orders received and order backlog

Orders received during the period contracted to SEK 6,368 million (8,144). The orders received are relatively well spread regarding products and location.

Order backlog 31 March 2019 increased to SEK 29,479 million compared to SEK 28,428 million at the end of March 2018.