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 twelve 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 2022
Net sales for the fourth quarter 2022 increased by two percent and amounted to SEK 8,330 million (8,147). The increase was generated in Finland and Norway. Net sales have been affected by higher costs for material and energy, which has increased prices to customers.
Operating profit decreased to SEK 166 million (209) and the operating margin contracted to 2.0 percent (2.6). Higher costs for material and energy have for the most part been managed by raising customer prices as well as making adjustments and streamlining, but since we have not been able to completely compensate cost increases they have had a negative impact on the operating margin.
January – December 2022
Net sales increased by seven percent and amounted to SEK 28,999 million (26,980). The increase is attributable to all countries and is mainly explained by higher costs for material and energy, which has affected prices to customers.
Operating profit for the year amounted to SEK 629 million (711) and the operating margin was 2.2 percent (2.6). The operating margin declined in all countries. During 2021 and 2022 there have been significant price hikes for material and energy as well as delivery disturbances. They have for the most part been managed by raising customer prices as well as making adjustments and streamlining but since we have not been able to completely compensate cost increases they have had a negative impact on the operating margin.
Orders received and order backlog
October – December 2022
Orders received amounted to SEK 6,321 million (9,561). Included in orders received is a higher portion of other building construction compared to the fourth quarter last year when housing projects made up a large part. Orders received are well spread geographically.
January – December 2022
Orders received during 2022 were SEK 27,732 million (30,903). Orders received are well spread among products and geographically although the proportion of housing was lower in 2022 compared to last year. Orders received included around SEK 2 billion for the project to renovate and build up the southern section of the Sperlingens Backe block at Stureplan in downtown Stockholm for Sturegallerian AB. Order backlog on December 31, 2022 decreased and amounted to SEK 29,064 million compared to SEK 30,142 million at the end of 2021.
Net sales
per product area, 2022
per geographic market, 2022
Order backlog, December 31, 2022
per product area
per project size
Key ratios
| Oct-Dec 2022 | Oct-Dec 2021 | Jan-Dec 2022 | Jan-Dec 2021 | ||
| Okt-dec 2022 | Okt-dec 2021 | Jan-dec 2022 | Jan-dec 2021 | ||
| Net sales, MSEK | Nettoomsättning, Mkr | 8,330 | 8,147 | 28,999 | 26,980 |
| Operating profit, MSEK | Rörelseresultat, Mkr | 166 | 209 | 629 | 711 |
| Operating margin, % | Rörelsemarginal, % | 2.0 | 2.6 | 2.2 | 2.6 |
| Orders received, MSEK | Orderingång, Mkr | 6,321 | 9,561 | 27,732 | 30,903 |
| Order backlog, MSEK | Orderstock, Mkr | 29,064 | 30,142 | 29,064 | 30,142 |
| Operating cash flow, MSEK | Operativt kassaflöde, Mkr | -14 | 669 | -79 | 1,654 |
| Number of employees 1) | Antal anställda 1) | 5,852 | 5,796 | 5,852 | 5,796 |
1) Calculated on rolling 12 months