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 twelve 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 2018

Net sales for the fourth quarter 2018 increased by seven percent and amounted to SEK 8,182 million (7,631). The increase is spread over all the three countries and there is a greater portion of other building construction for both private and public customers in net sales.

Operating profit for the fourth quarter amounted to SEK 207 million (180) and the operating margin was 2.5 percent (2.4).

January – December 2018

Net sales for 2018 increased by six percent and amounted to SEK 28,340 million (26,726). The increase is spread over all the three countries and there is a greater portion of other building construction for both private and public customers in net sales.

Operating profit for 2018 amounted to SEK 670 million (602) and the operating margin was 2.4 percent (2.3).

Orders received and order backlog

October – December 2018

Orders received during the fourth quarter 2018 amounted to SEK 6,202 million (7,775). In the orders received other building construction compensated to a certain extent for lower volumes in our own home development projects.

January – December 2018

Orders received increased during 2018 compared to last year and amounted to SEK 31,007 million (29,280). Included in orders received is the office project Platinan in Gothenburg for Vasakronan worth SEK 2,100 million. Orders received were well diversified in terms of products and geography. In the orders received other building construction compensated for lower volumes in our own home development projects.

Order backlog 31 December 2018 increased to SEK 29,776 million compared to SEK 26,805 million at the end of December 2017.