Business area Construction

With local roots close to customers business area Construction does 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 13 regions in Sweden, three in Norway and two in Finland. There are specialized housing production units in Stockholm, Gothenburg and the Öresund region. Construction maintenance operations are run in a nationwide region in Sweden 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 2021 decreased by six percent and amounted to SEK 6,196 million (6,620). The decrease is attributable to Swedish operations. Net sales are well spread among different product areas. Housing generated the largest portion of net sales with 37 percent (38) calculated on a rolling 12 months.

Operating profit for the first quarter amounted to SEK 151 million (146). The operating margin improved and was 2.4 percent (2.2). The operating margin for the latest rolling 12 month period was 2.5 percent which was unchanged compared to full year 2020.

Orders received and order backlog

The level of orders received was slightly lower during the first quarter and amounted to SEK 7,029 million (7,449). The orders received are well spread among different product areas.

Order backlog on March 31, 2021 was SEK 27,385 million compared to SEK 27,832 million at the end of corresponding period last year. Housing generates the largest portion of order backlog and at the end of March, 2021 was 47 percent.