Note 3 – Operating segment and reconciliation between segment reporting and reporting according to IFRS

Group Jan-Sep 2026
MSEK
 Construction Civil
Engineering		 Industry Project
Development		 Group
functions		 Eliminations Group
Segment		 Differences in accounting principles 1) Group
IFRS
Koncernen Jan-sep 2026
Mkr		 Bygg Anläggning Industri Projekt-
utveckling		 Koncern-gemensamt Eliminering Koncernen
Segment		 Skillnader i redovisnings-principer 1) Koncernen IFRS
External sales Extern försäljning 15,755 13,036 12,802 2,208 52 43,853 -566 43,287
Internal sales Intern försäljning 1,579 722 3,244 24 1,025 -6,594 – –
Total revenue Summa intäkter 17,334 13,758 16,046 2,232 1,077 -6,594 43,853 -566 43,287
Operating profit Rörelseresultat 518 612 1,190 120 -344 -31 2,065 -131 1,934
Operating margin, % Rörelsemarginal, % 3.0 4.4 7.4 5.4 4.7 4.5
Financial income Finansiella intäkter 76 76
Financial expenses Finansiella kostnader -296 -35 2) -331
Net finance Finansnetto -220 -35 -255
Pre-tax profit Resultat före skatt 1,845 -166 1,679
Tax Skatt -304 11 -293
Profit for the period Periodens resultat 1,541 -155 1,386
Capital employed (CB)
Sysselsatt kapital (UB)
 -1,988 -389 10,480 18,675 1,724 3) 28,502 2,621 31,123
Total assets Balansomslutning 46,681 2,474 4) 49,155
Equity Eget kapital 17,315 -393 16,922
Equity/assets ratio, % Soliditet, % 37.1 34.4
Net debt Nettoskuld 7,212 3,014 10,226
Cashflow before financing Kassaflöde före finansiering 650 5) 455 5) 173 5) -3 5) -646 6) 629 -1,284 -655

1) For more information about the allocation of revenue and profit items see note 2 and the section Overview business areas.

2) Refers to IFRS 16, additional leases SEK -35 million.

3) Unallocated capital employed.

4) Divided between IFRS 16, additional leases SEK 1,192 million and housing projects SEK 1,282 million.

5) Refers to operating cash flow. For definition, see section Alternative performance measures and defintions.

6) Unallocated cash flow.

Group Jan-Sep 2025
MSEK
 Construction Civil
Engineering		 Industry Project
Development		 Group
functions		 Eliminations Group
Segment		 Differences in accounting principles 1) Group
IFRS
Koncernen Jan-sep 2025
Mkr		 Bygg Anläggning Industri Projekt-
utveckling		 Koncern-gemensamt Eliminering Koncernen
Segment		 Skillnader i redovisnings-principer 1) Koncernen IFRS
External sales Extern försäljning 14,932 11,468 12,402 2,621 41 41,464 -218 41,246
Internal sales Intern försäljning 1,582 881 2,512 13 1,016 -6,004 – –
Total revenue Summa intäkter 16,514 12,349 14,914 2,634 1,057 -6,004 41,464 -218 41,246
Operating profit Rörelseresultat 364 487 870 118 -239 30 1,630 -4 1,626
Operating margin, % Rörelsemarginal, % 2.2 3.9 5.8 4.5 3.9 3.9
Financial income Finansiella intäkter 113 113
Financial expenses Finansiella kostnader -1,003 -35 2) -1,038
Net finance Finansnetto -890 -35 -925
Pre-tax profit Resultat före skatt 740 -39 701
Tax Skatt -168 1 -167
Profit for the period Periodens resultat 572 -38 534
Capital employed (closing balance)
Sysselsatt kapital (UB)
 -2,065 -695 10,034 19,138 277 3) 26,689 1,930 28,619
Total assets Balansomslutning 44,791 2,377 4) 47,168
Equity Eget kapital 16,296 -303 15,993
Equity/assets ratio, % Soliditet, % 36.4 33.9
Net debt Nettoskuld 7,991 10,224
Cashflow before financing Kassaflöde före finansiering 1,649 5) 814 5) 592 5) -370 5) -816 6) 1,869 11 1,880

1) For more information about the allocation of revenue and profit items see note 2 and the section Overview business areas.

2) Refers to IFRS 16, additional leases SEK -35 million.

3) Unallocated capital employed.

4) Divided between IFRS 16, additional leases SEK 1,269 million and housing projects SEK 1,108 million.

5) Refers to operating cash flow. For definition, see section Alternative performance measures and defintions.

6) Unallocated cash flow.

Group Jan-Dec 2025
MSEK
 Construction Civil
Engineering		 Industry Project
Development		 Group
functions		 Eliminations Group
Segment		 Differences in accounting principles 1) Group
IFRS
Koncernen Jan-dec 2025
Mkr		 Bygg Anläggning Industri Projekt-
utveckling		 Koncern-gemensamt Eliminering Koncernen
Segment		 Skillnader i redovisnings-principer 1) Koncernen IFRS
External sales Extern försäljning 21,443 16,331 16,434 4,327 54 58,589 -8 58,581
Internal sales Intern försäljning 2,240 1,276 3,603 18 1,374 -8,511 – –
Total revenue Summa intäkter 23,683 17,607 20,037 4,345 1,428 -8,511 58,589 -8 58,581
Operating profit Rörelseresultat 512 704 1,485 238 -363 50 2,626 67 2,693
Operating margin, % Rörelsemarginal, % 2.2 4.0 7.4 5.5 4.5 4.6
Financial income Finansiella intäkter 146 146
Financial expenses Finansiella kostnader -1,098 -46 2) -1,144
Net finance Finansnetto -952 -46 -998
Pre-tax profit Resultat före skatt 1,674 21 1,695
Tax Skatt -332 -332
Profit for the period Periodens resultat 1,342 21 1,363
Capital employed (CB)
Sysselsatt kapital (UB)
 -1,830 -568 9,198 18,220 1,764 3) 26,784 1,332 28,116
Total assets Balansomslutning 42,472 2,071 4) 44,543
Equity Eget kapital 16,716 -237 16,479
Equity/assets ratio, % Soliditet, % 39.4 37.0
Net debt Nettoskuld 6,400 1,569 7,969
Cashflow before financing Kassaflöde före finansiering 1,576 5) 900 5) 1,951 5) 552 5) -860 6) 4,119 776 4,895

1) For more information about the allocation of revenue and profit items see note 2 and the section Overview business areas.

2) Refers to IFRS 16, additional leases SEK -46 million.

3) Unallocated capital employed.

4) Divided between IFRS 16, additional leases SEK 1,285 million and housing projects SEK 786 million.

5) Refers to operating cash flow. For definition, see section Alternative performance measures and defintions.

6) Unallocated cash flow.