Business area Civil Engineering

Business area Civil Engineering is a leading player in Sweden and one of the larger players in Norway. Civil Engineering works with landscaping and pipelines, builds and maintains roads, railroads, bridges and other infrastructure as well as does foundation work. Operations are organized in geographic regions and the specialized product areas Local market, Infrastructure and heavy construction and Operation and maintenance.

Local market works with landscaping and pipelines, does foundation work and builds different kinds of facilities as well as offers services in power and electricity distribution. Infrastructure and heavy construction builds roads, railroads, bridges, tunnels and ports. Operation and maintenance maintains federal and municipal road and street networks, tends parks and outdoor property as well as maintains water and wastewater networks.

Net sales and profit

April – June 2023

Net sales for the second quarter 2023 was unchanged and amounted to SEK 3,891 million (3,893). Operating profit was SEK 152 million (148) and the operating margin was 3.9 percent (3.8).

January – June 2023

Net sales during the first half-year 2023 increased by three percent and amounted to SEK 7,219 million (6,976). Adjusted for acquired operations and exchange rate effects net sales increased by two percent.

Operating profit amounted to SEK 211 million (201) and the operating margin was 2.9 percent (2.9). The operating margin for the latest 12 month period was 3.3 percent which was unchanged compared to full year of 2022. The high cost of material and energy in contracts received before the war broke out in Ukraine has to a certain extent resulted in dilution of the operating margin.

Orders received and order backlog

April – June 2023

The level of orders received during the quarter amounted to SEK 3,891 million (4,375).

January – June 2023

Orders received during the first half-year 2023 decreased to SEK 8,333 million (9,355). Order backlog on June 30, 2023 amounted to SEK 15,075 million (16,408). Roads and other infrastructure generated the largest portion of order backlog with 37 percent (42).