Business area Industry

Business area Industry provides the products and services needed to carry out more sustainable and cost-​efficient construction and civil engineering projects on the Nordic market. With local roots we work with both external and internal customers.

Business area Industry offers everything from mineral aggregates, concrete, paving and temporary electricity to prefabricated concrete elements and frame assembly. Industry also assists with crane and machine rental, distribution of binder to the concrete industry, transportation as well as recycles residue from the construction and civil engineering industry. The business area is run in six product areas; mineral aggregates, paving, concrete, transportation and machines, rentals and construction system.

Net sales and profit

Business area Industry has a very clear seasonal pattern where the first quarter is characterized by substantial deficits since the paving season begins in the second quarter.

April – June 2024

Net sales during the second quarter 2024 increased by 13 percent and amounted to SEK 6,033 million (5,347). The increase in net sales is primarily due to paving. Operating profit increased and amounted to SEK 449 million (333) and the operating margin improved to 7.4 percent (6.2). The operating profit in paving improved compared to the second quarter of 2023 while both prefab operations and rental operations were affected by the weak housing market and reported lower operating profit.

January – June 2024

Net sales during the first half-year 2024 increased by four percent and amounted to SEK 8,444 million (8,126). The increase is primarily due to paving. Both prefab operations and rental operations have been affected by the weak housing market and reported a lower level of activity compared to the first half of last year.

Operating profit improved and amounted to SEK -30 million (-102). The operating margin was -0.4 percent (-1.3). Operating profit improved in paving, which has a clear seasonal pattern where the season starts in the second quarter, while both prefab operations and rental operations reported lower operating profit as a result of the weaker housing market. The operating margin for the latest rolling 12 month period improved to 5.1 percent compared to 4.8 percent for the full year 2023.

Capital employed at the end of the period contracted and was SEK 11,339 million compared to SEK 11,885 million at the end of same period last year. The decrease is due to a lower investment rate and an improvement in working capital.

Orders received and order backlog

April – June 2024

The level of orders received during the second quarter increased and amounted to SEK 4,495 million (3,159). The increase is mainly related to paving contracts, particularly in Finland.

January – June 2024

The level of orders received during the first half-year increased and amounted to SEK 7,427 million (5,848). The increase is mainly related to paving contracts, particularly in Finland. Order backlog per June 30, 2024 was SEK 6,798 million (6,077).