Business area Industry

Business area Industry provides the products and services needed to carry out more sustainable and cost-​efficient construction and civil engineering projects on the Nordic market. With local roots we work with both external and internal customers.

Business area Industry offers everything from mineral aggregates, concrete, paving and temporary electricity to prefabricated concrete elements and frame assembly. Industry also assists with crane and machine rental, distribution of binder to the concrete industry, transportation as well as recycles residue from the construction and civil engineering industry. The business area is run in six product areas; mineral aggregates, paving, concrete, transportation and machines, rentals and construction system.

Net sales and profit

Business area Industry has a very clear seasonal pattern where the first quarter is characterized by substantial deficits since the paving season begins in the second quarter.

July – September 2024

Net sales during the third quarter 2024 increased by eleven percent and amounted to SEK 7,528 million (6,780). The increase in net sales is primarily due to paving. Operating profit increased and amounted to SEK 848 million (588) and the operating margin improved to 11.3 percent (8.7). The improved operating profit is due to better earnings in paving, above all in Finland.

January – September 2024

Net sales during January-September 2024 increased by seven percent and amounted to SEK 15,972 million (14,906). The increase is primarily due to paving. Concrete, rental and prefab operations have been affected by the weak housing market and reported a lower level of activity compared to the same period the last year.

Operating profit increased and amounted to SEK 818 million (486). The operating margin improved and was 5.1 percent (3.3), which is primarily due to increased earnings in paving, above all in Finland. Operating profit was lower in both rental and prefab operations compared to the same quarter last year. There were minor changes in profit in the business area’s other product areas during the period. The operating margin for the latest rolling 12 month period improved to 6.2 percent compared to 4.8 percent for the full year 2023.

Capital employed at the end of the period contracted and was SEK 10,688 million compared to SEK 11,805 million at the end of same period last year. The decrease is due to a lower investment rate and an improvement in working capital.

Orders received and order backlog

July – September 2024

The level of orders received during the third quarter increased and amounted to SEK 3,245 million (2,914). The increase is mainly related to paving contracts, particularly in Finland and Denmark.

January – September 2024

The level of orders received during January-September 2024 increased and amounted to SEK 10,672 million (8,762). The increase is mainly related to paving contracts, particularly in Finland. Order backlog per September 30, 2024 was SEK 4,460 million (4,327).