Business area Civil Engineering

Business area Civil Engineering is a leading actor 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 seven geographic regions, one region for foundations, and one nationwide region in Sweden for operation and maintenance.

Local market in business area Civil Engineering works with landscaping, streets, pipelines, foundation work as well as construction of different kinds of facilities and water and pipeline systems. Infrastructure and heavy construction builds roads, railroads, bridges, tunnels and ports. Operation and maintenance handles national and municipal highways and street networks, tends parks and outdoor property as well as operates water and wastewater networks.

Net sales and profit

Activity in business area Civil Engineering continued to be high during the second quarter and net sales increased by ten percent to SEK 4,278 million (3,891). Operating profit increased and amounted to SEK 165 million (152) and the operating margin was unchanged at 3.9 percent (3.9).

January – June 2024

Activity was high in business area Civil Engineering during the first half-year. Public investments in the form of investments in infrastructure and wastewater facilities, as well as the ongoing climate transition, have had a positive impact. Net sales increased by nine percent to SEK 7,836 million (7,219). Even adjusted for divested operations and exchange rate effects, net sales increased by nine percent.

Operating profit increased and amounted to SEK 242 million (211) and the operating margin improved to 3.1 percent (2.9). The operating margin for the latest 12 month period was 3.4 percent compared to 3.3 percent for the full year 2023.

Orders received and order backlog

The level of orders received during the second quarter was high and amounted to SEK 7,985 million (3,891). The quarter included a construction contract for New Bodø Airport in Norway now that the project has shifted from the development phase to the implementation phase. The customer is Avinor and the contract is worth NOK 3.3 billion.

January – June 2024

The level of orders received during the first half-year was high and amounted to SEK 16,173 million (8,333). The period included Västlänken’s Haga-Rosenlund stage in Gothenburg worth around SEK 1.5 billion, a new dock in Skellefteå worth about SEK 1.1 billion, operation and maintenance contracts for about SEK 1.1 billion and New Bodø Airport worth NOK 3.3 billion.

Order backlog on June 30, 2024 increased and amounted to SEK 22,296 million (15,075). Roads and other infrastructure make up the largest portion of the order backlog with 44 percent (37).