Business area Construction

With local roots close to customers business area Construction performs construction 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 specialized housing production units in Stockholm, Gothenburg and the Öresund region. Construction maintenance operations are run in a nationwide region in Sweden 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 2019

Net sales for the fourth quarter 2019 increased by two percent and amounted to SEK 8,371 million (8,182). There is a greater portion of other building construction for private customers in net sales.

Operating profit for the fourth quarter amounted to SEK 208 million (207) and the operating margin was unchanged at 2.5 percent.

January – December 2019

Net sales for 2019 increased by four percent and amounted to SEK 29,416 million (28,340). The increase is attributable to all three countries. There is a greater portion of other building construction for both private and public customers in net sales.

Operating profit for the year amounted to SEK 713 million (670) and the operating margin amounted to 2.4 percent (2.4).

Orders received and order backlog

October – December 2019

Orders received during the fourth quarter amounted to SEK 7,789 million (6,202). Orders received included, among other things, construction of Malmö’s new courthouse in Nyhamnen in Malmö to Castellum of SEK 921 million.

January – December 2019

Orders received during 2019 contracted to SEK 26,155 million (31,007). The comparable year included the office building project Platinan in Gothenburg for Vasakronan worth SEK 2,100 million, which has a long production time. The orders received are relatively well spread regarding products and location.

Order backlog on December 31, 2019 was SEK 26,928 million compared to SEK 29,776 million at the end of December 2018.