Business area Civil Engineering
Business area Civil Engineering is a leading player in Sweden and has operations in Norway. Civil Engineering works with landscaping and pipelines, builds and maintains roads, railroads, bridges and other infrastructure as well as does foundation work. Operations are organized in geographic regions and the specialized product areas Local market, Infrastructure and heavy construction and Operation and maintenance.
Local market works with landscaping and pipelines, does foundation work and builds different kinds of facilities as well as offers services in power and electricity distribution. Infrastructure and heavy construction builds roads, railroads, bridges, tunnels and ports. Operation and maintenance maintains federal and municipal road and street networks, tends parks and outdoor property as well as maintains water and wastewater networks.
Net sales and profit
July – September 2022
Net sales for the third quarter 2022 increased by nine percent to SEK 3,584 million (3,285). The increase is explained by greater activity in Infrastructure and Operation and maintenance. Operating profit amounted to SEK 118 million (109) and the operating margin was 3.3 percent (3.3). Higher construction and energy costs have in general been compensated by charging higher prices to customers but have had a negative effect on the operating margin.
January – September 2022
Net sales during the period January-September 2022 increased by four percent and amounted to SEK 10,560 million (10,118).
After adjustments for acquired units and exchange rate effects net sales increased by three percent. Net sales are well spread among different product areas.
Operating profit for the period was SEK 319 million (307) and the operating margin was unchanged at 3.0 percent compared to the same period last year. The operating margin for the latest 12 month period was 3.3 percent, which was unchanged compared to the full year 2021. During 2021 and 2022 prices for material and energy rose considerably. We have handled the price hikes as well as delivery disturbances through adjusting and streamlining operations, but since we have not been able to completely compensate cost increases they have had a negative impact on the operating margin.
Orders received and order backlog
July – September 2022
The level of orders received during the third quarter 2022 amounted to SEK 2,618 million (3,583). In orders received there is a good spread in product areas and geography.
January – September 2022
Orders received during the period January-September 2022 increased to SEK 11,973 million (11,803). Order backlog on September 30, 2022 amounted to SEK 15,485 million (15,066). Roads and other infrastructure generated the largest portion of order backlog with 40 percent (37). Orders received included rebuilding the lock canal in Södertälje of SEK 1.5 billion for The Swedish Transport Administration.
Net sales
per product area, rolling 12 months
per geographic market, rolling 12 months
Order backlog, September 30, 2022
per product area
per project size
Key ratios
| Jul-Sep 2022 | Jul-Sep 2021 | Jan-Sep 2022 | Jan-Sep 2021 | Oct-Sep 2021/2022 | Jan-Dec 2021 | ||
| Jul-sep 2022 | Jul-sep 2021 | Jan-sep 2022 | Jan-sep 2021 | Okt-sep 2021/2022 | Jan-dec 2021 | ||
| Net sales, MSEK | Nettoomsättning, Mkr | 3,584 | 3,285 | 10,560 | 10,118 | 14,622 | 14,180 |
| Operating profit, MSEK | Rörelseresultat, Mkr | 118 | 109 | 319 | 307 | 483 | 471 |
| Operating margin, % | Rörelsemarginal, % | 3.3 | 3.3 | 3.0 | 3.0 | 3.3 | 3.3 |
| Orders received, MSEK | Orderingång, Mkr | 2,618 | 3,583 | 11,973 | 11,803 | 14,989 | 14,819 |
| Order backlog, MSEK | Orderstock, Mkr | 15,485 | 15,066 | 15,485 | 15,066 | 15,485 | 13,955 |
| Operating cash flow, MSEK | Operativt kassaflöde, Mkr | 241 | 289 | 97 | 701 | 317 | 921 |
| Number of employees 1) | Antal anställda 1) | 3,573 | 3,658 | 3,573 | 3,658 | 3,573 | 3,634 |
1) Caluculated on rolling 12 months