Business area Civil Engineering

Business area Civil Engineering is a leading player in Sweden and with operations in Norway and Finland as well. The business area works with landscaping and pipelines, builds and maintains roads, railroads, bridges and other infrastructure as well as foundation work. Operations are organized in geographic regions and the specialized product areas Local market, Infrastructure and Operation and maintenance.

Business area Civil Engineering is active on the local civil engineering market working with landscaping and pipelines, foundation work and builds different kinds of facilities.

In the area of infrastructure and heavy construction it builds roads, railroads, bridges, tunnels and ports.

Civil Engineering also provides operation and maintenance for national and municipal highways and street networks as well as cares for parks and outdoor property. It also operates water and sewage supply networks.

Net sales and profit

July – September 2019

Net sales for the third quarter 2019 amounted to SEK 3,257 million (3,301). Net sales increased in Operations and maintenance while net sales in Local market as well as Infrastructure were lower.

Earnings have been lower during the third quarter and operating profit amounted to SEK 76 million (98) and the operating margin was 2.3 percent (3.0). The level of profitability in Operations and maintenance was lower compared to previous years.

January- September 2019

Net sales were relatively unchanged during the period January-September 2019 and amounted to SEK 9,547 million (9,556). Even after adjustments for acquired units net sales were unchanged. Net sales were slightly higher in Operations and maintenance while they were slightly lower in Infrastructure.

Operating profit for the period amounted to SEK 236 million (270) and the operating margin contracted to 2.5 percent (2.8). The level of profitability in Operations and maintenance was lower compared to previous years. The operating margin for the latest rolling 12 month period was 2.8 percent compared to 3.0 percent for the entire year of 2018.

Orders received and order backlog

July – September 2019

Orders received during the third quarter 2019 amounted to SEK 2,862 million (3,546).

January- September 2019

Orders received during the period January-September 2019 amounted to SEK 9,429 million (13,598). Orders received in the comparable period included the extension of the West Sweden railroad system Olskroken in Gothenburg for the Swedish Transport Administration worth SEK 2,900 million, which has a long production time.

Order backlog on September 30, 2019 amounted to SEK 13,623 million (15,031).