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 2020

Net sales for the second quarter 2020 decreased by eight percent and amounted to SEK 7,123 million (7,782). The decrease is attributable to Sweden.

Operating profit for the second quarter amounted to SEK 183 million (199) and the operating margin was unchanged with 2.6 percent (2.6).

January – June 2020

Net sales for the first half-year 2020 decreased by five percent and amounted to SEK 13,743 million (14,525). The decrease is attributable to Sweden while net sales in operations in Norway and Finland increased.

Operating profit for the first-half year amounted to SEK 329 million (354) and the operating margin amounted to 2.4 percent (2.4). Even for the latest rolling 12 month period the operating margin was 2.4 percent, which was unchanged compared to the entire year of 2019.

Orders received and order backlog

April – June 2020

Orders received during the second quarter amounted to SEK 6,269 million (6,785).

January – June 2020

Orders received during the first half-year increased to SEK 13,718 million (13,153). The orders received are relatively well spread regarding products and location.

Order backlog on June 30, 2020 was SEK 27,013 million compared to SEK 28,615 million at the end of June 2019.

Net sales

per product area, rolling 12 months
per geographic market, rolling 12 months

Project allocation of order backlog, June 30, 2020

Key ratios

Apr-Jun
2020		 Apr-Jun
2019		 Jan-Jun
2020		 Jan-Jun
2019		 Jul-Jun
2019/2020		 Jan-Dec
2019
Apr-jun
2020		 Apr-jun
2019		 Jan-jun
2020		 Jan-jun
2019		 Jul-jun
2019/2020		 Jan-dec
2019
Net sales, MSEK Nettoomsättning, Mkr 7,123 7,782 13,743 14,525 28,634 29,416
Operating profit, MSEK Rörelseresultat, Mkr 183 199 329 354 686 711
Operating margin, % Rörelsemarginal, % 2.6 2.6 2.4 2.4 2.4 2.4
Orders received, MSEK Orderingång, Mkr 6,269 6,785 13,718 13,153 26,720 26,155
Order backlog, MSEK Orderstock, Mkr 27,013 28,615 27,013 28,615 27,013 26,928
Number of employees at the end of the period Antal anställda vid periodens utgång 6,339 6,474 6,339 6,474 6,339 6,299