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 eleven 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 2020 decreased slightly compared to the corresponding period last year and amounted to SEK 6,620 million (6,743). The portion of housing projects has continued to decline while other building construction in the public sector has increased.

Operating profit for the first quarter amounted to SEK 146 million (155) and the operating margin was 2.2 percent (2.3). The operating margin for the latest rolling 12 month period was 2.4 percent which was unchanged compared to full year 2019.

Orders received and order backlog

Orders received during the first quarter increased and amounted to SEK 7,449 million (6,368). The orders received were relatively well spread in both product and place.

Order backlog on March 31, 2020 was SEK 27,832 million compared to SEK 29,479 at the end of March 2019.