Business area Industry

Business area Industry provides products and services that make construction and civil engineering projects on the Nordic market more sustainable and cost-​efficient. 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. The business area also provides crane, barrack and machine rental, distribution of binder to the concrete industry, transportation and recycles surpluses from the construction and civil engineering industry. The business area is run in two units, Swerock/Asphalt and Construction system. Swerock/Asphalt runs product areas mineral aggregates, paving, concrete and transportation and machines and Construction system comprises prefab and rentals.

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 2025

Net sales for the fourth quarter 2025 decreased by eight percent to SEK 5,123 million (5,576). The decrease is mainly related to Swerock/Asphalt with lower volumes in paving in Finland and Norway.

Operating profit increased during the fourth quarter and amounted to SEK 615 million (597) and the operating margin improved to 12.0 percent (10.7). The improvement came from Swerock/Asphalt where the operating margin increased to 14.1 percent (10.0) while Construction system reported lower profitability as it continued to be affected by the weak housing market. The operating margin in Construction system contracted to 2.4 percent (13.0).

January – December 2025

Net sales for 2025 decreased by seven percent to SEK 20,037 million (21,548). Adjusted for divested operations and exchange rate effects, net sales decreased by six percent. The drop is mainly related to Swerock/Asphalt’s paving operations in Finland, where volumes were higher last year due to a positive effect from the Finnish government’s extra appropriations. Volumes were also lower in Norwegian paving operations during the year because of an overhaul due to low earnings for a while. In addition, there has been less activity in Construction system as a result of the weak market for new housing production.

Operating profit during the year increased and amounted to SEK 1,485 million (1,415) and the operating margin improved to 7.4 percent (6.6). The operating margin in the unit Swerock/Asphalt improved to 8.6 percent (6.9) with higher earnings in several of the operations. The operating margin for the unit Construction system contracted to 1.2 percent (4.6), due to a continued weak market for new housing production.

Capital employed at the end of the year decreased and was SEK 9,198 million compared to SEK 9,920 million at the end of last year. The decrease is mainly due to a lower investment rate and an improvement in working capital.

Orders received and order backlog

October – December 2025

The level of orders received increased during the fourth quarter and amounted to SEK 3,341 million (3,091). The level of orders received was higher in Construction system during the quarter while it was lower in Swerock/Asphalt.

January – December 2025

The level of orders received during the year was slightly lower and amounted to SEK 13,246 million (13,763). The decline in orders received is related to Swerock/Asphalt and the Finnish and Norwegian paving operations. The level of orders received increased in Construction system during the year. Order backlog on December 31, 2025 amounted to SEK 5,390 million (4,282).