Business area Construction

With local roots close to customers business area Construction performs contract 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 eleven regions in Sweden, two in Norway and two in Finland. There are three specialized housing production regions in Stockholm, Gothenburg and the Öresund region. Construction maintenance operations are run in a nationwide region primarily focused on the big city areas. Other regions are responsible for all types of construction projects in their geographic area.

Net sales and profit

July – September 2017

Net sales for the third quarter 2017 increased by four percent and amounted to SEK 5,721 million (5,510). The portion represented by housing production continues to grow.

Operating profit for the third quarter amounted to SEK 121 million (127) and the operating margin was 2.1 percent (2.3).

January – September 2017

Net sales for the period January-September 2017 increased by eleven percent and amounted to SEK 19,095 million (17,129). The increase is spread over all regions. The portion represented by housing production continues to grow.

Operating profit for the period January-September amounted to SEK 422 million (395) and the operating margin was 2.2 percent (2.3). The operating margin for the latest 12 month rolling period was unchanged at 2.2 percent compared to the entire year of 2016.

Orders received and order backlog

July – September 2017

Orders received increased by 20 percent during the third quarter compared to same quarter last year and amounted to SEK 7,110 million (5,924). Orders received were well diversified in terms of products and geography.

January – September 2017

Orders received increased during the period January-September compared to same period last year and amounted to SEK 21,505 million (20,800). Orders received were well diversified in terms of products and geography although housing is still a large portion.

Order backlog 30 September 2017 increased to SEK 26,699 million compared with SEK 24,079 million at the end of September 2016.