Business area Civil Engineering
Business area Civil Engineering is a leading actor in Sweden and one of the larger players 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 five geographic regions, one region for foundations and one specialized nationwide region in Sweden for operation and maintenance.
Local market in business area Civil Engineering works with landscaping, streets, pipelines, foundation work as well as construction of different kinds of facilities and water line and pipeline systems. Infrastructure and heavy construction builds roads, railroads, bridges, tunnels and ports. Operation and maintenance handles national and municipal highways and street networks, tends parks and outdoor property as well as operates water and sewage networks.
Net sales and profit
July – September 2025
Activity was high during the third quarter 2025 in business area Civil Engineering in both Sweden and Norway. Net sales increased by eleven percent to SEK 4,248 million (3,810). Operating profit increased to SEK 169 million (117) and the operating margin improved to 4.0 percent (3.1).
January – September 2025
Activity was high during January-September 2025 in business area Civil Engineering in both Sweden and Norway. Several Nordic governments have announced major investments in infrastructure, both new investments and operation and maintenance. In addition, public projects are being carried out in areas such as water and sewage and power supply as well as in investments related to the ongoing climate transition.
Net sales increased by six percent to SEK 12,349 million (11,646). Adjusted for divested operations and exchange rate effects, net sales increased by seven percent.
Operating profit increased and amounted to SEK 487 million (359) and the operating margin improved to 3.9 percent (3.1). The operating margin for the latest rolling 12 month period was 3.6 percent compared to 3.0 percent for the full year 2024.
Orders received and order backlog
July – September 2025
The level of orders received increased during the third quarter 2025 and amounted to SEK 4,384 million (3,051). Orders received for the quarter include a framework agreement for local network services for E.ON Energidistribution AB worth SEK 1,150 million. The contract runs for five years with an option for a one-year extension.
January – September 2025
The level of orders received was lower during January-September 2025 and amounted to SEK 13,337 million (19,224). The level of orders received in the comparable period was high and included West link’s Haga-Rosenlund stage in Gothenburg worth around SEK 1.5 billion, a new dock in Skellefteå worth about SEK 1.1 billion, operation and maintenance contracts for about SEK 1.1 billion and New Bodø Airport worth NOK 3.3 billion. Calculated on a rolling 12 month period the level of orders received was 96 percent of net sales.
Order backlog on September 30, 2025 amounted to SEK 20,855 million (21,596). Roads and other infrastructure make up the largest portion of the order backlog at 37 percent (45).
Net sales
per product, rolling 12 months
per geographic market, rolling 12 months
Order backlog, September 30, 2025
per product
per project size
Key ratios
| Jul-Sep 2025 | Jul-Sep 2024 | Jan-Sep 2025 | Jan-Sep 2024 | Oct-Sep 2024/2025 | Jan-Dec 2024 | ||
| Jul-sep 2025 | Jul-sep 2024 | Jan-sep 2025 | Jan-sep 2024 | Okt-sep 2024/2025 | Jan-dec 2024 | ||
| Net sales, MSEK | Nettoomsättning, Mkr | 4,248 | 3,810 | 12,349 | 11,646 | 17,242 | 16,539 |
| Operating profit, MSEK | Rörelseresultat, Mkr | 169 | 117 | 487 | 359 | 627 | 499 |
| Operating margin, % | Rörelsemarginal, % | 4.0 | 3.1 | 3.9 | 3.1 | 3.6 | 3.0 |
| Orders received, MSEK | Orderingång, Mkr | 4,384 | 3,051 | 13,337 | 19,224 | 16,566 | 22,453 |
| Orders received/net sales, % | Orderingång/nettoomsättning, % | 103 | 80 | 108 | 165 | 96 | 136 |
| Order backlog, MSEK | Orderstock, Mkr | 20,855 | 21,596 | 20,855 | 21,596 | 20,855 | 19,853 |
| Operating cash flow, MSEK | Operativt kassaflöde, Mkr | 295 | -48 | 814 | 445 | 1,066 | 697 |
| Average number of employees | Medeltal antal anställda | 3,199 | 3,291 | 3,139 | 3,221 | 3,175 | 3,235 |