Order situation

April – June 2023

The level of orders received in the second quarter 2023 amounted to SEK 12,505 million (14,334). The reduction is primarily attributable to business area Project Development where there have been no tenant-owner apartment/condominium production start-ups during the quarter. The level of orders received from public customers continued to be good in the quarter.

January  – June 2023

The level of orders received in the first half-year 2023 contracted and amounted to SEK 23,547 million (29,709). The level of orders received in all business areas was lower compared to the first half-year 2022, although the reduction is primarily attributable to business area Project Development. The weak demand for housing has led to fewer tenant-owner apartment/condominium production start-ups, which has had a negative effect on orders received.

In business area Industry we have also been more selective about tenders submitted by Paving in Norway. In the orders received for the Group the first half-year, there is a large portion of projects for the public sector.

Order backlog yet to be produced at the end of the period amounted to SEK 43,638 million compared to SEK 49,899 million at the end of corresponding period last year. Of the total order backlog, 56 percent (57) will be produced after 2023 (2022). Swedish operations accounted for 79 percent (76) of order backlog.

Orders received

MSEK Apr-Jun
2023		 Apr-Jun
2022		 Jan-Jun
2023		 Jan-Jun
2022		 Jul-Jun
2022/2023		 Jan-Dec
2022
Mkr Apr-jun
2023		 Apr-jun
2022		 Jan-Jun
2023		 Jan-jun
2022		 Jul-jun
2022/2023		 Jan-dec
2022
Construction Bygg 6,563 6,926 11,367 12,921 26,178 27,732
Civil Engineering Anläggning 3,891 4,375 8,333 9,355 13,855 14,877
Industry Industri 3,159 3,614 5,848 7,449 11,187 12,788
Project Development Projektutveckling 60 1,530 203 4,025 2,197 6,019
Eliminations Elimineringar -1,168 -2,111 -2,204 -4,041 -6,320 -8,157
Group Koncernen 12,505 14,334 23,547 29,709 47,097 53,259

Order backlog

MSEK Jun 30
2023		 Jun 30
2022		 Dec 31
2022
Mkr 30 jun
2023		 30 jun
2022		 31 dec
2022
Construction Bygg 25,848 28,839 29,064
Civil Engineering Anläggning 15,075 16,408 13,939
Industry Industri 6,077 6,973 4,273
Project Development Projektutveckling 3,080 6,698 5,447
Eliminations Elimineringar -6,442 -9,019 -8,334
Group Koncernen 43,638 49,899 44,389

Project size of order backlog, June 30, 2023

Order backlog allocated over time

E22 Bridge

Lösen-Jämsjö

We received a number of major construction projects and contracts in the second quarter, including:

  • Continue extending Trollhättan’s wastewater treatment plant. The customer is Trollhättan Energi AB. The contract is worth SEK 355 million.
  • Renovation of rental apartments for Helsingin kaupungin asunnot Oy (HEKA) in Herttoniemi in Helsinki. The contract is worth EUR 18 million.
  • Renovation and extension of Lärkan High School in Helsinki. The customer is the City of Helsinki. The contract is worth EUR 18 million.
  • Construction of the new National Archives in Härnösand. The customer is Specialfastigheter. The contract is worth SEK 800 million.
  • Construction of an apartment building for Verkkosaari in Helsinki. The customer is Helsinki City’s ATT. The contract is worth EUR 17 million.
  • Construction of a new swimming pool and sports hall in Haparanda in partnering with the customer, Haparanda Municipality. The contract is worth SEK 209 million.
  • Construction of a new test track for autonomous and electrified vehicles in Södertälje. The customer is Scania Industrial Maintenance AB. The contract is worth SEK 730 million.
  • Renovation of classrooms and expansion of the restaurant at the University of Vaasa in Vaasa. The customer is Vaasan Merikampus Oy. The contract is worth EUR 10 million.
  • Commission to convert an old office building into homes in Helsinki. The customer is SL-Yhtiöt Oy. The contract is worth EUR 19 million.
  • Construction of a new fire and rescue station in the borough of Mellunkylä in Helsinki. The customer is Helsinki City. The contract is worth EUR 10 million.
  • Renovation of sections of the University Hospital of Umeå (NUS). The customer is Region Västerbotten. The contract is worth SEK 297 million.
  • Renovation and extension of the school in Ås. The customer is Krokom Municipality. The contract is worth SEK 111 million.
  • Rebuilding the Kumla School in Tyresö, south of Stockholm. The customer is Tyresö Municipality. The contract is worth SEK 109 million.
  • Commission to install water and sewer lines for the industrial area Torsboda Industrial Park in Timrå Municipality. The customer is MittSverige Vatten & Avfall AB. The contract is worth SEK 400 million.  
  • Construction of three logistics facilities in Helsingborg. The customer is Catena. The contract is worth SEK 700 million.
  • Construction of a new police station in the Gothenburg area. The customer is Specialfastigheter. The contract is worth SEK 207 million. 

A number of our own housing developments were production-started in the second quarter, including:

  • Röda Hallonet in Umeå comprises 64 apartments. The building will be Swan eco-labeled and the entire project is focused on energy efficiency measures, eco-labeled electricity, solar panels and sustainable material choices. ECO-Betong (ECO-Concrete) is used in casting the foundation slab. The project is expected to be completed in the third quarter 2024. The project is not included in orders received since it is being built on our own balance sheet as an apartments for rent apartment building.  
  • Bergahöjden in Österåker comprises 121 apartments. The building will be Swan eco-labeled and will be built with solar panels on the roof, a bicycle pool with cargo bikes and a car pool with electric cars. The project is expected to be completed in the second quarter 2025. The project is not included in orders received since it is being built on our own balance sheet as an apartments for rent apartment building.  

We received a number of federal and municipal paving contracts in the second quarter, including:

  • Two-year municipal contract in Seinäjoki worth EUR 6.5 million with an option for an extension of 1 plus 1 years. 
  • Two-year municipal contract in Oulu worth EUR 6.5 million.
  • One-year federal contract in North Ostrobothnia worth EUR 5.0 million.
  • One-year federal contract in Central Finland worth EUR 5.0 million.
  • One-year federal contract in south and southeast Finland worth EUR 4.5 million.
  • One-year federal contract in North Savo worth EUR 4.1 million.
  • One-year municipal contract in Gothenburg worth SEK 18 million.
  • Two-year federal contract in Troms County worth NOK 122 million.
  • One-year federal contract in Viken County worth NOK 54 million.
  • One-year federal contract in Viken County worth NOK 52 million.
  • One-year federal contract in Inland County worth NOK 38 million.
  • One-year federal contract in Troms County worth NOK 29 million.
  • One-year federal contract in Hordaland County worth NOK 28 million.
  • One-year municipal contract in Region North worth DKK 9 million.