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 geographic regions, a region for foundations and, as of 2026, a region for major infrastructure projects as well.
Net sales and profit
July – September 2026
Activity was high during the third quarter 2026 in business area Civil Engineering. Net sales increased by eight percent and amounted to SEK 4,576 million (4,248). The increase is largely due to several major ongoing infrastructure projects.
Operating profit increased to SEK 192 million (169) and the operating margin improved to 4.2 percent (4.0).
January – September 2026
Activity was high during the period January-September 2026 in business area Civil Engineering. Several Nordic countries have announced major infrastructure programs that include new investments as well as operation and maintenance. Public investments are also being made in, among other things, water and sewage and power supply along with investments related to the ongoing climate transition. Net sales increased by eleven percent and amounted to SEK 13,758 million (12,349). The increase is largely due to several major ongoing infrastructure projects. Even adjusted for divested operations and exchange rate effects, net sales increased by eleven percent.
Operating profit increased to SEK 612 million (487) and the operating margin improved to 4.4 percent (3.9). Several of the units in Civil Engineering in Sweden reported higher earnings during the period. The operating margin for the latest rolling 12 month period was 4.4 percent compared to 4.0 percent for the full year 2025.
Orders received and order backlog
July – September 2026
The level of orders received was lower during the third quarter and amounted to SEK 2,694 million (4,384).
January – September 2026
The level of orders received decreased during the period January-September 2026 and was SEK 12,551 million (13,337). Calculated on a rolling 12-month basis the level of orders received was 101 percent of net sales.
Order backlog remains at a high level and amounted per September 30, 2026 to SEK 20,996 million (20,855). Roads and other infrastructure make up the largest portion of the order backlog at 42 percent (37).
Net sales
per product, rolling 12 months
per geographic market, rolling 12 months
Order backlog, September 30, 2026
per product
per project size
Key ratios
| Jul-Sep 2026 | Jul-Sep 2025 | Jan-Sep 2026 | Jan-Sep 2025 | Oct-Sep 2025/2026 | Jan-Dec 2025 | ||
| Jul-sep 2026 | Jul-sep 2025 | Jan-sep 2026 | Jan-sep 2025 | Okt-sep 2025/2026 | Jan-dec 2025 | ||
| Net sales, MSEK | Nettoomsättning, Mkr | 4,576 | 4,248 | 13,758 | 12,349 | 19,016 | 17,607 |
| Operating profit, MSEK | Rörelseresultat, Mkr | 192 | 169 | 612 | 487 | 829 | 704 |
| Operating margin, % | Rörelsemarginal, % | 4.2 | 4.0 | 4.4 | 3.9 | 4.4 | 4.0 |
| Orders received, MSEK | Orderingång, Mkr | 2,694 | 4,384 | 12,551 | 13,337 | 19,233 | 20,019 |
| Orders received/net sales, % | Orderingång/nettoomsättning, % | 59 | 103 | 91 | 108 | 101 | 114 |
| Order backlog, MSEK | Orderstock, Mkr | 20,996 | 20,855 | 20,996 | 20,855 | 20,996 | 22,201 |
| Operating cash flow, MSEK | Operativt kassaflöde, Mkr | 226 | 295 | 455 | 814 | 541 | 900 |
| Average number of employees | Medeltal antal anställda | 3,188 | 3,199 | 3,082 | 3,139 | 3,094 | 3,140 |