Note 3 – Operating segment and reconciliation between segment reporting and reporting according to IFRS

Group Jan-Dec 2025
MSEK
 Construction Civil
Engineering		 Industry Project
Development		 Group
functions		 Eliminations Group
Segment		 Differences in accounting principles 1) Group
IFRS
Koncernen Jan-dec 2025
Mkr		 Bygg Anläggning Industri Projekt-
utveckling		 Koncern-gemensamt Eliminering Koncernen
Segment		 Skillnader i redovisnings-principer 1) Koncernen IFRS
External sales Extern försäljning 21,443 16,331 16,434 4,327 54 58,589 -8 58,581
Internal sales Intern försäljning 2,240 1,276 3,603 18 1,374 -8,511 – –
Total revenue Summa intäkter 23,683 17,607 20,037 4,345 1,428 -8,511 58,589 -8 58,581
Operating profit Rörelseresultat 512 704 1,485 238 -363 50 2,626 67 2,693
Operating margin, % Rörelsemarginal, % 2.2 4.0 7.4 5.5 4.5 4.6
Financial income Finansiella intäkter 146 146
Financial expenses Finansiella kostnader -1,098 -46 2) -1,144
Net finance Finansnetto -952 -46 -998
Pre-tax profit Resultat före skatt 1,674 21 1,695
Tax Skatt -332 -332
Profit for the period Periodens resultat 1,342 21 1,363
Capital employed (closing balance)
Sysselsatt kapital (UB)
 -1,830 -568 9,198 18,220 1,764 3) 26,784 1,332 28,116
Total assets Balansomslutning 42,472 2,071 4) 44,543
Equity Eget kapital 16,716 -237 16,479
Equity/assets ratio, % Soliditet, % 39.4 37.0
Net debt Nettoskuld 6,400 1,569 7,969
Cashflow before financing Kassaflöde före finansiering 1,576 5) 900 5) 1,951 5) 552 5) -860 6) 4,119 776 4,895

1) For more information about the allocation of revenue and profit items see note 2 and the section Overview business areas.

2) Refers to IFRS 16, additional leases SEK -46 million.

3) Unallocated capital employed.

4) Divided between IFRS 16, additional leases SEK 1,285 million and housing projects SEK 786 million.

5) Refers to operating cash flow. For definition, see section Alternative performance measures and defintions.

6) Unallocated cash flow.

Group Jan-Dec 2024
MSEK
 Construction Civil
Engineering		 Industry Project
Development		 Group
functions		 Eliminations Group
Segment		 Differences in accounting principles 1) Group
IFRS
Koncernen Jan-dec 2024
Mkr		 Bygg Anläggning Industri Projekt-
utveckling		 Koncern-gemensamt Eliminering Koncernen
Segment		 Skillnader i redovisnings-principer 1) Koncernen IFRS
External sales Extern försäljning 21,290 15,384 17,725 4,243 55 58,697 2,586 61,283
Internal sales Intern försäljning 2,527 1,155 3,823 27 1,295 -8,827 – –
Total revenue Summa intäkter 23,817 16,539 21,548 4,270 1,350 -8,827 58,697 2,586 61,283
Operating profit Rörelseresultat 416 499 1,415 728 -341 46 2,763 400 3,163
Operating margin, % Rörelsemarginal, % 1.7 3.0 6.6 17.0 4.7 5.2
Financial income Finansiella intäkter 259 259
Financial expenses Finansiella kostnader -597 -45 2) -642
Net finance Finansnetto -338 -45 -383
Pre-tax profit Resultat före skatt 2,425 355 2,780
Tax Skatt -345 -47 -392
Profit for the year Årets resultat 2,080 308 2,388
Capital employed (CB)
Sysselsatt kapital (UB)
 -215 -370 9,920 19,767 -103 3) 28,999 1,879 30,878
Total assets Balansomslutning 45,226 2,542 4) 47,768
Equity Eget kapital 16,760 -256 16,504
Equity/assets ratio, % Soliditet, % 37.1 34.6
Net debt Nettoskuld 9,118 2,135 11,253
Cashflow before financing Kassaflöde före finansiering -3 5) 697 5) 2,324 5) 423 5) -840 6) 2,601 4,143 6,744

1) For more information about the allocation of revenue and profit items see note 2 and the section Overview business areas.

2) Refers to IFRS 16, additional leases SEK -45 million.

3) Unallocated capital employed.

4) Divided between IFRS 16, additional leases SEK 1,411 million and housing projects SEK 1,131 million.

5) Refers to operating cash flow. For definition, see section Alternative performance measures and defintions.

6) Unallocated cash flow.