Business area Construction

With local roots close to customers business area Construction performs construction 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 specialized housing production units in Stockholm, Gothenburg and the Öresund region. Construction maintenance operations are run in a nationwide region in Sweden 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 2019

Net sales for the third quarter 2019 increased by six percent and amounted to SEK 6,520 million (6,172). The increase was generated by all three countries. 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 150 million (142) and the operating margin was unchanged at 2.3 percent.

January – September 2019

Net sales for the period January-September 2019 increased by four percent and amounted to SEK 21,045 million (20,158). The increase is attributable to Sweden. There is a greater portion of other building construction for both private and public customers in net sales.

Operating profit for the period amounted to SEK 505 million (463) and the operating margin amounted to 2.4 percent (2.3). The operating margin for the latest rolling 12 month period was 2.4 percent, which was unchanged compared to the entire year of 2018.

Orders received and order backlog

July – September 2019

Orders received during the third quarter amounted to SEK 5,213 million (6,815).

January – September 2019

Orders received during the period January-September 2019 contracted to SEK 18,366 million (24,805). The comparable period included the office building project Platinan in Gothenburg for Vasakronan worth SEK 2,100 million, which has a long production time. The orders received are relatively well spread regarding products and location.

Order backlog on September 30, 2019 was SEK 27,403 million compared to SEK 31,723 million at the end of September 2018.