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

April – June 2021

Net sales for the second quarter 2021 decreased by seven percent and amounted to SEK 6,648 million (7,123). The decrease is attributable to Sweden.

Operating profit for the second quarter amounted to SEK 187 million (183) and the operating margin improved to 2.8 percent (2.6).

January – June 2021

Net sales for the first half-year 2021 decreased by seven percent and amounted to SEK 12,844 million (13,743). The decrease is attributable to Sweden and Finland and is explained by a lag between orders received and production.

Operating profit for the first-half year amounted to SEK 338 million (329) and the operating margin improved to 2.6 percent (2.4). The higher earnings are attributable to Sweden and Finland. For the latest rolling 12 month period the operating margin was 2.6 percent compared to 2.5 percent for the entire year of 2020.

Orders received and order backlog

April – June 2021

Orders received during the second quarter amounted to SEK 6,088 million (6,269).

January – June 2021

Orders received during the first half-year were SEK 13,117 million (13,718). The orders received are well spread in both products and geographically.

Order backlog on June 30, 2021 was SEK 26,427 million compared to SEK 27,013 million at the end of June 2020.

Net sales

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

Order backlog, June 30, 2021

per product area

per project size

Key ratios

Apr-Jun
2021		 Apr-Jun
2020		 Jan-Jun
2021		 Jan-Jun
2020		 Jul-Jun
2020/2021		 Jan-Dec
2020
Apr-jun
2021		 Apr-jun
2020		 Jan-jun
2021		 Jan-jun
2020		 Jul-jun
2020/2021		 Jan-dec
2020
Net sales, MSEK Nettoomsättning, Mkr 6,648 7,123 12,844 13,743 26,090 26,989
Operating profit, MSEK Rörelseresultat, Mkr 187 183 338 329 672 663
Operating margin, % Rörelsemarginal, % 2.8 2.6 2.6 2.4 2.6 2.5
Orders received, MSEK Orderingång, Mkr 6,088 6,269 13,117 13,718 25,996 26,597
Order backlog, MSEK Orderstock, Mkr 26,427 27,013 26,427 27,013 26,427 26,558
Average number of employees 1) Medelantalet anställda 1) 5,894 6,280 5,894 6,280 5,894 6,080

1) Calculated on rolling 12 months