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 specialized housing production units 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

April – June 2019

Net sales for the second quarter 2019 increased by five percent and amounted to SEK 7,782 million (7,423). The increase is attributable to Sweden. There is a greater portion of other building construction for both private and public customers in net sales.

Operating profit for the second quarter amounted to SEK 199 million (178) and the operating margin was 2.6 percent (2.4).

January – June 2019

Net sales for the first half-year 2019 increased by four percent and amounted to SEK 14,525 million (13,986). The increase is attributable to Sweden. There is a greater portion of other building construction for both private and public customers in net sales.

Operating profit for the first-half year amounted to SEK 355 million (321) and the operating margin amounted to 2.4 percent (2.3). The operating margin for the latest rolling 12 month period was at 2.4 percent, which was unchanged compared to the entire year of 2018.

Orders received and order backlog

April – June 2019

Orders received during the second quarter amounted to SEK 6,785 million (9,846). The comparable period included the office project Platinan in Gothenburg for Vasakronan worth SEK 2,100 million.

January – June 2019

Orders received during the first half-year contracted to SEK 13,153 million (17,990). The orders received are relatively well spread regarding products and location.

Order backlog June 30, 2019 was SEK 28,615 million compared to SEK 30,988 million at the end of June 2018.