Order situation
July – September 2023
The level of orders received in the third quarter 2023 amounted to SEK 11,034 million (13,095). The reduction is primarily attributable to business areas Construction and Project Development. The comparable period included the renovation and rebuilding of the southern section of city borough Sperlingens Backe at Stureplan in central Stockholm for about SEK 2 billion in business area Construction. The weak demand for housing has led to fewer production starts of tenant-owner apartments/condominiums, which has had a negative effect on orders received in business areas Project Development and Construction. The level of orders received in business areas Civil Engineering and Industry rose during the quarter. The level of orders received from public customers continued to be good in the quarter.
January – September 2023
The level of orders received in January-September 2023 contracted and amounted to SEK 34,581 million (42,804).
The reduction is largely related to business areas Construction and Project Development where the weak demand for housing has had a negative effect on orders received. In business area Industry we have also been more selective about tenders submitted by Paving in Norway. There is a large portion of projects for the public sector in orders received for the Group during the period.
Order backlog yet to be produced at the end of the period amounted to SEK 41,669 million compared to SEK 48,762 million at the end of corresponding period last year. Of the total order backlog, 75 percent (77) will be produced after 2023 (2022). Swedish operations accounted for 81 percent (78) of order backlog.
Orders received
| MSEK | Jul-Sep 2023 | Jul-Sep 2022 | Jan-Sep 2023 | Jan-Sep 2022 | Oct-Sep 2022/2023 | Jan-Dec 2022 | |
| Mkr | Jul-sep 2023 | Jul-sep 2022 | Jan-sep 2023 | Jan-sep 2022 | Okt-sep 2022/2023 | Jan-dec 2022 | |
| Construction | Bygg | 5,577 | 8,490 | 16,944 | 21,411 | 23,265 | 27,732 |
| Civil Engineering | Anläggning | 3,483 | 2,618 | 11,816 | 11,973 | 14,720 | 14,877 |
| Industry | Industri | 2,914 | 2,212 | 8,762 | 9,661 | 11,889 | 12,788 |
| Project Development | Projektutveckling | 84 | 1,541 | 287 | 5,566 | 740 | 6,019 |
| Eliminations | Elimineringar | -1,024 | -1,766 | -3,228 | -5,807 | -5,578 | -8,157 |
| Group | Koncernen | 11,034 | 13,095 | 34,581 | 42,804 | 45,036 | 53,259 |
Order backlog
| MSEK | Sep 30 2023 | Sep 30 2022 | Dec 31 2022 | |
| Mkr | 30 sep 2023 | 30 sep 2022 | 31 dec 2022 | |
| Construction | Bygg | 25,702 | 31,052 | 29,064 |
| Civil Engineering | Anläggning | 15,118 | 15,485 | 13,939 |
| Industry | Industri | 4,327 | 4,325 | 4,273 |
| Project Development | Projektutveckling | 2,362 | 6,505 | 5,447 |
| Eliminations | Elimineringar | -5,840 | -8,605 | -8,334 |
| Group | Koncernen | 41,669 | 48,762 | 44,389 |
Project size of order backlog, September 30, 2023
Order backlog allocated over time
Swerock, shoreline excavation
Lomma
We received a number of major construction projects and contracts in the third quarter, including:
- Construction of 176 apartments, a health care center and other premises in Linköping. The customer is AB Stångåstaden. The contract is worth SEK 346 million.
- Construction of new police station in the Gothenburg area. The customer is Specialfastigheter. The contract is worth SEK 207 million.
- Rebuilding and extension of the Administrative Court building in central Gothenburg. The property owner and customer is Skandia Fastigheter and the Swedish National Courts Administration is the tenant. The contract is worth SEK 110 million.
- Construction of an extended stay hotel in Inre hamnen in Norrköping. The customer is Mannersons Fastighets AB. The contract is worth SEK 101 million.
- Construction of a new elementary school in Höllviken in Vellinge Municipality. The customer is Vellinge Municipality. The contract is worth SEK 281 million.
- Construction of a new bus terminal at Tromsø Airport in Tromsø. The customer is Statens Vegvesen. The contract is worth NOK 130 million.
- Commission to build the frames in the construction of rental apartments on Södermalm in Stockholm. The customer is Stockholmshem. The contract is worth SEK 143 million.
- Commission to reinforce Road 953 between Östgranvåg and Forsmo in Sollefteå Municipality. The customer is the Swedish Transport Administration. The contract is worth SEK 115 million.
- Construction of a forensic psychiatric hospital with 48 care units in Vaasa. The customer is Senatfastigheter. The contract is worth EUR 26 million.
- Commission to rebuild streets and expand water pipelines in Kirseberg in Malmö. The customer is VA Syd and the City of Malmö. The contract is worth SEK 110 million.
- Commission to build a dock in the Port of Orrskär in Söderhamn Municipality. The customer is Söderhamn Municipality. The contract is worth SEK 170 million.
- Construction of a new swimming pool facility in Hässleholm. The customer is Hässleholm Municipality. The contract is worth SEK 376 million.
- Construction of a new greenhouse and visitors’ center in the Gothenburg Botanical Garden. The customer is Västra Götaland Region and Västfastigheter construction and management. The contract is worth SEK 346 million.
- Construction of a new assisted living facility comprising 108 apartments. The customer is Orsa Municipality. The contract is worth SEK 337 million.
- Construction of two apartment buildings and a parking garage in Verkkosaari in Helsinki. The customer is Helsingin kaupungin asunnot Oy. The contract is worth EUR 15 million.
- Extension of an elementary school in Lempäälä. The customer is Lempäälä Municipality. The contract is worth EUR 15 million.
The following own housing developments were production-started in the third quarter:
- Nursing home in Karlskoga with 80 apartments. The completed building will be certified according to Miljöbyggnad Bronze. The base floor and load-bearing structure will be made from green concrete and the outer walls will be wood. Parking spaces will have charging stations for electric cars. The project is expected to be completed by the fourth quarter 2025. The project is not included in orders received since it will built on our own balance sheet as a rental project.
- Mariehöjd phase 8 in Umeå comprising 40 homes. The project will be built in joint venture company Stadsliden, owned by Peab and HSB in Umeå. The building will be certified according to Miljöbyggnad Silver and have solar panels on the roof. The project is expected to be completed during the third quarter 2025. The project is not included in orders received since it will be built in a joint venture company.
We received a number of federal and municipal paving contracts in the third quarter, including:
- One-year municipal contract in Helsinki worth EUR 1.7 million.
- One-year federal contract in Central Finland worth EUR 1.8 million.
- One-year federal contract in Southwest Finland worth EUR 1.2 million.
- One-year federal contract in Ostrobothnia worth EUR 1.2 million.
- One-year municipal contract in Drammen worth NOK 19 million.
- One-year federal contract in Arnøya worth NOK 24 million.
- One-year federal contract in Vestfold worth NOK 12 million.
- Two-year municipal contract in Vejle Municipality worth DKK 6.5 million.