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, 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 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

April – June 2018

Net sales for the second quarter 2018 increased by six percent and amounted to SEK 7,423 million (6,988). The increase is spread over all the countries and there is a greater portion of other building construction for private customers in net sales.

Operating profit for the second quarter amounted to SEK 178 million (162) and the operating margin was 2.4 percent (2.3).

January – June 2018

Net sales for the first half-year 2018 increased by five percent and amounted to SEK 13,986 million (13,374). The increase is spread over all the countries and there is a greater portion of other building construction for private customers in net sales.

Operating profit for the period amounted to SEK 321 million (301) and the operating margin was 2.3 percent (2.3). The operating margin for the latest 12 month rolling period was unchanged at 2.3 percent compared to the entire year of 2017.

Orders received and order backlog

April – June 2018

Orders received increased by 51 percent during the second quarter and amounted to SEK 9,846 million (6,530). Included in orders received is the office project Platinan in Gothenburg for Vasakronan worth SEK 2,100 million. In the orders received for the quarter other building construction compensated for lower volumes in our own home development projects.

January – June 2018

Orders received increased during the period compared to same period last year and amounted to SEK 17,990 million (14,395). Orders received were well diversified in terms of products and geography.

Order backlog 30 June 2018 increased to SEK 30,988 million compared to SEK 25,285 million at the end of June 2017.