Business area Industry

Business area Industry provides products and services needed to carry out construction and civil engineering projects on the Nordic market that are more sustainable and cost-​efficient. 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. The business area also assists with crane, barrack and machine rental, distribution of binder to the concrete industry, transportation and recycling surpluses 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 2025

Net sales for the third quarter 2025 decreased by eight percent to SEK 6,953 million (7,528). The decrease is mainly related to paving in Finland, where in the same quarter last year volumes were higher due to the Finnish government’s extra appropriations’ positive effect and to paving in Norway, where a review of operations has been carried out due to low earnings for some time.

Operating profit increased during the third quarter and amounted to SEK 875 million (848) and the operating margin improved to 12.6 percent (11.3). Operating profit in mineral aggregates and rental operations was higher compared to the third quarter 2024. The operating profit for paving was lower than the same quarter last year since it was positively affected by the Finnish government’s extra funds for road maintenance. Construction system was affected by the weak housing market and reported lower profitability.

January – September 2025

Net sales for January-September 2025 decreased by seven percent to SEK 14,914 million (15,972).

The decrease is mainly related to paving in Finland where volumes were higher in the same period last year due to the Finnish government’s extra appropriations and to paving in Norway where a review of operations has been carried out. In addition, there has been less activity in construction system as a result of the weak housing market.

Operating profit during the period increased and amounted to SEK 870 million (818) and the operating margin improved to 5.8 percent (5.1). Operating profit improved in mineral aggregates and concrete during the period while both construction system and rental operations were affected by the weak housing market and reported lower profitability. The operating profit in paving was relatively unchanged compared to the corresponding period last year. For the latest rolling 12-month period the operating margin for the business area amounted to 7.2 percent compared to 6.6 percent for the full year 2024.

Capital employed at the end of the period decreased and was SEK 10,034 million compared to SEK 10,688 million at the end of the same period last year. The decrease is primarily due to an improvement in working capital.

Orders received and order backlog

July – September 2025

The level of orders received decreased during the third quarter and amounted to SEK 2,440 million (3,245). The reduction is related to Finnish and Swedish paving operations.

January – September 2025

The level of orders received during the period was slightly lower and amounted to SEK 9,905 million (10,672). The decline in orders received is related to Finnish and Norwegian paving operations. Order backlog on September 30, 2025 amounted to SEK 4,907 million (4,460).