Business area Construction
With local roots close to customers business area Construction performs contract work for both external and internal customers. Construction projects include everything from new production of housing, public and commercial premises to renovations and extensions as well as construction maintenance.
Operations in business area Construction are run via some 150 local offices around the Nordic area, organized in eleven regions in Sweden, three in Norway and two in Finland. There are three specialized housing production regions in Stockholm, Gothenburg and the Öresund region. Construction maintenance operations are run in a nationwide region primarily focused on the big city areas. Other regions are responsible for all types of construction projects in their geographic area.
Net sales and profit
October – December 2017
Net sales for the fourth quarter 2017 increased by nine percent and amounted to SEK 7,631 million (6,992). The portion represented by housing production continues to be high.
Operating profit for the fourth quarter amounted to SEK 180 million (147) and the operating margin improved to 2.4 percent (2.1).
January – December 2017
Net sales for 2017 increased by eleven percent and amounted to SEK 26,726 million (24,121). The increase is spread over all regions. The portion represented by housing production continues to grow.
Operating profit for the year amounted to SEK 602 million (542) and the operating margin was 2.3 percent (2.2).
Orders received and order backlog
October – December 2017
Orders received increased by ten percent during the fourth quarter compared to same quarter last year and amounted to SEK 7,775 million (7,083). Orders received include around SEK 1 billion for the renovation and extension of Södra Älvsborg Hospital and around SEK 600 million for the renovation of Medborgarhuset at Södermalm in Stockholm. Otherwise, there is still a large portion of housing well spread geographically in orders received.
January – December 2017
Orders received increased during year compared to last year and amounted to SEK 29,280 million (27,883). Orders received were well diversified in terms of products and geography although housing is still a large portion.
Order backlog 31 December 2017 increased to SEK 26,805 million compared with SEK 24,160 million at the end of 2016.
Net sales
Project allocation of order backlog, 31 Dec 2017
Key ratios
| Oct-Dec 2017 | Oct-Dec 2016 | Jan-Dec 2017 | Jan-Dec 2016 | ||
| Okt-dec 2017 | Okt-dec 2016 | Jan-dec 2017 | Jan-dec 2016 | ||
| Net sales, MSEK | Nettoomsättning, Mkr | 7,631 | 6,992 | 26,726 | 24,121 |
| Operating profit, MSEK | Rörelseresultat, Mkr | 180 | 147 | 602 | 542 |
| Operating margin, % | Rörelsemarginal, % | 2.4 | 2.1 | 2.3 | 2.2 |
| Orders received, MSEK | Orderingång, Mkr | 7,775 | 7,083 | 29,280 | 27,883 |
| Order backlog, MSEK | Orderstock, Mkr | 26,805 | 24,160 | 26,805 | 24,160 |
| Number of employees at the end of the period | Antal anställda vid periodens utgång | 6,685 | 6,600 | 6,685 | 6,600 |