Business area Industry

Business area Industry provides the products and services needed to carry out more sustainable and cost-​efficient construction and civil engineering projects on the Nordic market. With local roots we work with both external and internal customers.

Business area Industry offers everything from mineral aggregates, concrete, paving and temporary electricity to prefabricated concrete elements and frame assembly. Industry also assists with crane and machine rental, distribution of binder to the concrete industry, transportation as well as recycles residue from the construction and civil engineering industry. The business area is run in six product areas; mineral aggregates, paving, concrete, transportation and machines, rentals and construction system.

Net sales and profit

Business area Industry has a very clear seasonal pattern where the first quarter is characterized by substantial deficits since the paving season begins in the second quarter.

October – December 2024

Net sales during the fourth quarter 2024 increased by ten percent and amounted to SEK 5,576 million (5,056). The increase in net sales is primarily due to paving, above all in Finland. Operating profit increased and amounted to SEK 597 million (476) and the operating margin improved to 10.7 percent (9.4). The improved operating margin is due to better earnings in paving, above all in Finland linked to the Finnish government’s extra funds for road maintenance in 2024.

January – December 2024

Net sales during 2024 increased by eight percent and amounted to SEK 21,548 million (19,962). The increase is primarily due to paving, above all in Finland. Concrete, prefab and rental operations have been affected by the weak housing market and reported a lower level of activity compared to the last year.

Operating profit increased during the year and amounted to SEK 1,415 million (962). The operating margin improved to 6.6 percent (4.8), which is primarily due to higher earnings in paving, above all in Finland linked to the Finnish government’s extra funds for road maintenance in 2024. Concrete, prefab and rental operations reported lower operating profit as a result of the weaker housing market. There were minor changes in profit in the business area’s other product areas during the year.

Capital employed at the end of the year contracted and was SEK 9,920 million compared to SEK 10,699 million at the end of last year. The decrease is due to a lower investment rate and an improvement in working capital.

Orders received and order backlog

October- December 2024

The level of orders received during the fourth quarter increased to SEK 3,091 million (2,424). The increase is mainly related to paving contracts, particularly in Finland.

January – December 2024

The level of orders received during 2024 increased and amounted to SEK 13,763 million (11,186). The increase is mainly related to paving contracts, particularly in Finland. Order backlog per December 31, 2024 was SEK 4,282 million (3,954).