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 thirteen 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 2020

Net sales for the third quarter 2020 decreased by eleven percent and amounted to SEK 5,798 million (6,520). The decrease is attributable to Sweden.

Operating profit for the third quarter amounted to SEK 137 million (150) and the operating margin was 2.4 percent (2.3).

January – September 2020

Net sales for the period January-September 2020 decreased by seven percent and amounted to SEK 19,541 million (21,045). The decrease is attributable to Sweden while net sales in operations in Norway and Finland increased.

Operating profit for the period January-September amounted to SEK 466 million (504) and the operating margin amounted to 2.4 percent (2.4). Even for the latest rolling 12 month period the operating margin was 2.4 percent, which was unchanged compared to the entire year of 2019.

Orders received and order backlog

July – September 2020

Orders received during the third quarter amounted to SEK 6,259 million (5,213).

January – September 2020

Orders received during the period January-September 2020 increased to SEK 19,977 million (18,366). The orders received are relatively well spread regarding products and location.

Order backlog on September 30, 2020 was SEK 27,490 million compared to SEK 27,403 million at the end of September 2019.

Net sales

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

Project allocation of order backlog, September 30, 2020

Key ratios

Jul-Sep
2020		 Jul-Sep
2019		 Jan-Sep
2020		 Jan-Sep
2019		 Oct-Sep
2019/2020		 Jan-Dec
2019
Jul-sep
2020		 Jul-sep
2019		 Jan-sep
2020		 Jan-sep
2019		 Okt-sep
2019/2020		 Jan-dec
2019
Net sales, MSEK Nettoomsättning, Mkr 5,798 6,520 19,541 21,045 27,912 29,416
Operating profit, MSEK Rörelseresultat, Mkr 137 150 466 504 673 711
Operating margin, % Rörelsemarginal, % 2.4 2.3 2.4 2.4 2.4 2.4
Orders received, MSEK Orderingång, Mkr 6,259 5,213 19,977 18,366 27,766 26,155
Order backlog, MSEK Orderstock, Mkr 27,490 27,403 27,490 27,403 27,490 26,928
Number of employees at the end of the period Antal anställda vid periodens utgång 5,949 6,327 5,949 6,327 5,949 6,299