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, three 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 2018

Net sales for the third quarter 2018 increased by eight percent and amounted to SEK 6,172 million (5,721). The increase is spread over all the countries and there is a greater portion of other building construction for both private and public customers in net sales.

Operating profit for the third quarter amounted to SEK 142 million (121) and the operating margin was 2.3 percent (2.1).

January – September 2018

Net sales for the period January-September 2018 increased by six percent and amounted to SEK 20,158 million (19,095). The increase is spread over all the countries and there is a greater portion of other building construction for both private and public customers in net sales.

Operating profit for the period January-September 2018 amounted to SEK 463 million (422) and the operating margin was 2.3 percent (2.2). The operating margin for the latest 12 month rolling period was unchanged at 2.3 percent compared to the entire year of 2017.

Orders received and order backlog

July – September 2018

Orders received during the third quarter 2018 amounted to SEK 6,815 million (7,110). In the orders received for the quarter other building construction compensated for lower volumes in our own home development projects.

January – September 2018

Orders received increased during the period January-September 2018 compared to same period last year and amounted to SEK 24,805 million (21,505). Included in orders received is the office project Platinan in Gothenburg for Vasakronan worth SEK 2,100 million. Orders received were well diversified in terms of products and geography.

Order backlog 30 September 2018 increased to SEK 31,723 million compared to SEK 26,699 million at the end of September 2017.

Net sales

per product area, rolling 12 months
per geographic market, rolling 12 months

Project allocation of order backlog, 30 Sep 2018

Key ratios

Jul-Sep
2018
Jul-Sep
2017
Jan-Sep
2018
Jan-Sep
2017
Oct-Sep
2017/2018
Jan-Dec
2017
Jul-sep
2018
Jul-sep
2017
Jan-sep
2018
Jan-sep
2017
Okt-sep
2017/2018
Jan-dec
2017
Net sales, MSEK Nettoomsättning, Mkr 6,172 5,721 20,158 19,095 27,789 26,726
Operating profit, MSEK Rörelseresultat, Mkr 142 121 463 422 643 602
Operating margin, % Rörelsemarginal, % 2.3 2.1 2.3 2.2 2.3 2.3
Orders received, MSEK Orderingång, Mkr 6,815 7,110 24,805 21,505 32,580 29,280
Order backlog, MSEK Orderstock, Mkr 31,723 26,699 31,723 26,699 31,723 26,805
Number of employees at the end of the period Antal anställda vid periodens utgång 6,688 6,706 6,688 6,706 6,688 6,685