Business area Construction

With local roots close to customers business area Construction does 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 13 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 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 2021

Net sales for the fourth quarter 2021 increased by nine percent and amounted to SEK 8,147 million (7,448). The increase is attributable to Swedish operations.

Operating profit for the fourth quarter amounted to SEK 209 million (197) and the operating margin was unchanged with 2.6 percent (2.6).

January – December 2021

Net sales for 2021 were unchanged and amounted to SEK 26,980 million (26,989). Net sales increased in both Sweden and Norway but contracted in Finland.

The portion of housing projects and projects for the public sector was higher in net sales than last year.

Operating profit for the year increased and amounted to SEK 711 million (663) and the operating margin improved to 2.6 percent (2.5). Earnings increased in both Sweden and Finland during the year while operating profit was lower in Norway.

Orders received and order backlog

October – December 2021

The level of orders received increased during the fourth quarter and amounted to SEK 9,561 million (6,620). A large portion of orders received were housing projects.

January – December 2021

The level of orders received increased by 16 percent during 2021 and amounted to SEK 30,903 million (26,597). The orders received are well spread in both products and geographically although a large portion is housing projects.

Order backlog on December 31, 2021 was SEK 30,142 million compared to SEK 26,558 million at the end of December 2020. There is a higher portion of homes along with schools and educational premises in order backlog compared to the end of 2020.