Business area Civil Engineering

Business area Civil Engineering is a leading player in Sweden and one of the larger players in Norway. Civil Engineering works with landscaping and pipelines, builds and maintains roads, railroads, bridges and other infrastructure as well as does foundation work. Operations are organized in geographic regions and the specialized product areas Local market, Infrastructure and heavy construction and Operation and maintenance.

Local market works with landscaping and pipelines, does foundation work and builds different kinds of facilities as well as offers services in power and electricity distribution. Infrastructure and heavy construction builds roads, railroads, bridges, tunnels and ports. Operation and maintenance maintains federal and municipal road and street networks, tends parks and outdoor property as well as maintains water and wastewater networks.

Net sales and profit

October – December 2023

Net sales for the fourth quarter 2023 continued to be high and amounted to SEK 4,454 million (4,405). Net sales in Local market and Operation and maintenance were somewhat higher while net sales in Infrastructure were lower compared to the fourth quarter last year. Operating profit was SEK 180 million (175) and the operating margin was 4.0 percent (4.0).

January – December 2023

Activity in business area Civil Engineering has continued to be high during the year. Net sales were slightly higher compared to the last year and amounted to SEK 15,164 million (14,965). Adjusted for acquired operations and exchange rate effects net sales decreased by one percent.

Operating profit amounted to SEK 501 million (494) and the operating margin was 3.3 percent (3.3). Civil Engineering reported a high and stable operating margin despite the effects of high costs for material and energy on contracts received before the outbreak of war in Ukraine.

Orders received and order backlog

October – December 2023

The level of orders received during the quarter increased by 13 percent and amounted to SEK 3,274 million (2,904).

January – December 2023

Orders received during the year amounted to SEK 15,090 million compared to SEK 14,877 for the last year. Order backlog on December 31, 2023 amounted to SEK 13,905 million (13,939). Roads and other infrastructure make up 28 percent (30).