Business area Industry

Business area Industry provides the products and services needed to carry out more sustainable and cost-​efficient construction and civil engineering projects on the Nordic market. With local roots we work with both external and internal customers.

Business area Industry offers everything from mineral aggregates, concrete, paving and temporary electricity to prefabricated concrete elements and frame assembly. Industry also assists with crane and machine rental, distribution of binder to the concrete industry, transportation as well as recycles residue from the construction and civil engineering industry. The business area is run in six product areas; mineral aggregates, paving, concrete, transportation and machines, rentals and construction system.

Net sales and profit

Business area Industry has a very clear seasonal pattern where the first quarter is characterized by substantial deficits since the paving season begins in the second quarter.

Net sales during the first quarter 2024 decreased by 13 percent and amounted to SEK 2,411 million (2,779). The reduction is related to most product areas.

Operating profit decreased to SEK -479 million (-435) and the operating margin was -19.9 percent (-15.7). The first quarter in paving entails preparing for the coming season but the long winter delayed starting up. Both prefab and rental operations have been affected by the weak housing market with a lower level of activity compared to the first quarter 2023. The operating margin for the latest rolling 12 month period was 4.7 percent compared to 4.8 percent for the full year 2023.

Capital employed at the end of the period was SEK 10,806 million compared to SEK 10,762 million at the end of same period last year.

Orders received and order backlog

The level of orders received during the first quarter amounted to SEK 2,932 million (2,689). The increase is mainly related to paving contracts, particularly in Finland. Order backlog per March 31, 2024 was SEK 6,211 million (6,092).