Business area Civil Engineering
Business area Civil Engineering is a leading actor 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 five geographic regions, one region for foundations and one specialized nationwide region in Sweden for operation and maintenance.
Local market in business area Civil Engineering works with landscaping, streets, pipelines, foundation work as well as construction of different kinds of facilities and water line and pipeline systems. Infrastructure and heavy construction builds roads, railroads, bridges, tunnels and ports. Operation and maintenance handles national and municipal highways and street networks, tends parks and outdoor property as well as operates water and sewage networks.
Net sales and profit
October – December 2025
Activity was high during the fourth quarter 2025 in business area Civil Engineering. Net sales increased by seven percent to SEK 5,258 million (4,893). Operating profit increased to SEK 217 million (140) and the operating margin improved to 4.1 percent (2.9).
January – December 2025
Activity was high during 2025 in business area Civil Engineering in both Sweden and Norway. Several Nordic governments have announced major investments in infrastructure, both new investments and operation and maintenance. In addition, public projects are being carried out in areas such as water and sewage and power supply as well as in investments related to the ongoing climate transition.
Net sales increased during the year by six percent to SEK 17,607 million (16,539). Adjusted for divested operations and exchange rate effects, net sales increased by seven percent.
Operating profit increased and amounted to SEK 704 million (499) and the operating margin improved to 4.0 percent (3.0).
Orders received and order backlog
October – December 2025
The level of orders received increased significantly during the fourth quarter 2025 and amounted to SEK 6,682 million (3,229). The level of orders received includes the continuation of the West Link’s Haga-Rosenlund stage in Gothenburg for the Swedish Transport Administration. The commission amounts to a total of SEK 5.5 billion, of which SEK 4 billion was ordered during the fourth quarter 2025 and SEK 1.5 billion was ordered in 2024.
January – December 2025
The level of orders received was lower during 2025 and amounted to SEK 20,019 million (22,453). The level of orders received in the comparable period was high and included West Link’s Haga-Rosenlund stage in Gothenburg worth around SEK 1.5 billion, a new dock in Skellefteå worth about SEK 1.1 billion, operation and maintenance contracts for about SEK 1.1 billion and New Bodø Airport worth NOK 3.3 billion. The level of orders received was 114 percent (136) of net sales for the full year 2025.
Order backlog on December 31, 2025 amounted to SEK 22,201 million (19,853). Roads and other infrastructure make up the largest portion of the order backlog at 47 percent (38).
Net sales
per product
per geographic market
Order backlog, December 31, 2025
per product
per project size
Key ratios
| Oct-Dec 2025 | Oct-Dec 2024 | Jan-Dec 2025 | Jan-Dec 2024 | ||
| Okt-dec 2025 | Okt-dec 2024 | Jan-dec 2025 | Jan-dec 2024 | ||
| Net sales, MSEK | Nettoomsättning, Mkr | 5,258 | 4,893 | 17,607 | 16,539 |
| Operating profit, MSEK | Rörelseresultat, Mkr | 217 | 140 | 704 | 499 |
| Operating margin, % | Rörelsemarginal, % | 4.1 | 2.9 | 4.0 | 3.0 |
| Orders received, MSEK | Orderingång, Mkr | 6,682 | 3,229 | 20,019 | 22,453 |
| Orders received/net sales, % | Orderingång/nettoomsättning, % | 127 | 66 | 114 | 136 |
| Order backlog, MSEK | Orderstock, Mkr | 22,201 | 19,853 | 22,201 | 19,853 |
| Operating cash flow, MSEK | Operativt kassaflöde, Mkr | 86 | 252 | 900 | 697 |
| Average number of employees | Medeltal antal anställda | 3,156 | 3,276 | 3,140 | 3,235 |