Business area Construction

With local roots close to customers business area Construction does 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 13 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 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 2021

Net sales for the third quarter 2021 increased by three percent and amounted to SEK 5,989 million (5,798). The increase is attributable to Sweden.

Operating profit for the third quarter amounted to SEK 164 million (137) and the operating margin improved to 2.7 percent (2.4).

January – September 2021

Net sales for January-September 2021 decreased by four percent and amounted to SEK 18,833 million (19,541). The decrease is attributable to Sweden and Finland.

Operating profit for the period amounted to SEK 502 million (466) and the operating margin improved to 2.7 percent (2.4). The higher earnings are attributable to Sweden and Finland. The operating margin was 2.7 percent for the latest rolling 12 month period compared to 2.5 percent for the entire year of 2020.

Orders received and order backlog

July – September 2021

The level of orders received increased during the third quarter and amounted to SEK 8,225 million (6,259). A large portion of orders received are for housing and schools and other buildings to public customers.

January – September 2021

The level of orders received increased during January-September 2021 and amounted to SEK 21,342 million (19,977). The orders received are well spread in both products and geographically.

Order backlog on September 30, 2021 was SEK 28,697 million compared to SEK 27,490 million at the end of September 2020.

Net sales

per product area, rolling 12 months

per geographic market, rolling 12 months

Order backlog, September 30, 2021

per product area

per project size

Key ratios

		Jul-Sep 2021	Jul-Sep 2020	Jan-Sep 2021	Jan-Sep 2020	Oct-Sep 2020/2021	Jan-Dec 2020
		Jul-sep 2021	Jul-sep 2020	Jan-sep 2021	Jan-sep 2020	Okt-sep 2020/2021	Jan-dec 2020
Net sales, MSEK	Nettoomsättning, Mkr	5,989	5,798	18,833	19,541	26,281	26,989
Operating profit, MSEK	Rörelseresultat, Mkr	164	137	502	466	699	663
Operating margin, %	Rörelsemarginal, %	2.7	2.4	2.7	2.4	2.7	2.5
Orders received, MSEK	Orderingång, Mkr	8,225	6,259	21,342	19,977	27,962	26,597
Order backlog, MSEK	Orderstock, Mkr	28,697	27,490	28,697	27,490	28,697	26,558
Average number of employees ¹⁾	Medelantalet anställda ¹⁾	5,841	6,186	5,841	6,186	5,841	6,080

¹⁾ Calculated on rolling 12 months

	Net sales, %
Housing, 38% (38)	38
Construction<br/>maintenance, 7% (10)	7
<br/>Sports facilities, 5% (3)	5
<br/>Industrial, 5% (3)	5
Offices, 15% (17)	15
Logistics, 1% (2)	1
Service and retail, 5% (7)	5
Schools and<br/>education, 10% (9)	10
Health and social care, 9% (8)	9
Other building construction, 5% (3)	5

	Net sales, %
Sweden, 71% (73)	71
Norway, 15% (13)	15
Finland, 14% (14)	14

	Net sales, %
Housing, 44% (43)	44
Construction <br/>maintenance, 2% (2)	2
<br/>Sports facilities, 7% (5)	7
<br/>Industrial, 5% (4)	5
Offices, 11% (14)	11
Logistics, 2% (1)	2
Service and retail, 2% (4)	2
Schools and<br/>education, 15% (10)	15
Health and social care, 5% (11)	5
Other building construction, 7% (6)	7

	< 200 MSEK, 56% (50)	201 – 500 MSEK, 33% (36)	501 – 1,000 MSEK, 8% (8)	>1,000 MSEK, 3% (6)
	15919	9575	2313	890